The California Court of Appeal recently reaffirmed that a party’s ownership interest in real property must be clearly established before the party can have standing to bring an action for partition of ...

An inheritance is a windfall that can absolutely help someone's financial situation -- but it can make your taxes tricky. If you inherit property or assets, as opposed to cash, you generally don’t owe ...

Anyone who has inherited property, especially if they’re approaching retirement or already in it, knows it can be a blessing and a challenge. You may have a sentimental attachment to the property and ...

A sale of property is reported to the Internal Revenue Service as a capital gain consisting of the difference between sale proceeds and the seller's basis in the property. Although basis is usually ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

When you receive any house property or land from your parents either by way of gift or inheritance, you won’t have to pay tax on that. But if you decide to sell it later, you will be liable to pay ...

State lawmakers from the Peninsula, East Bay and Southern California have hatched a plan to raise property taxes on inherited homes, a major shift away from Prop 13 politics that have kept taxes low ...