Sentences with phrase «overall estate tax liability»
Otherwise, these funds will become taxable — adding to your overall estate tax liability.
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If you own an investment property, but are not working in real estate, your investment's losses can be applied to your tax obligations for that property only, not your overall tax liability.
Moreover, if these and / or any tax liabilities remain unclear, a real estate lawyer will often request that a seller agrees to cap the overall closing cost so that buyers know exactly where they stand financially.