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Advanced- My sister and I inherited my mother’s house when she died a month ago. If we sell it soon, do we get the home sale exclusion?
- What will the capital gains rate be on the sale of my home in 2013?
- Are contributions to a Roth IRA appropriate for education purposes?
- Can a Roth IRA contribution for 2012 be made after April 15, 2013, if I have a filing extension?
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FACT:
At the end of 2004 (the most recent year for statistics), 51 million taxpayers had IRAs with assets totaling $3.3 trillion.
Source: Spring Statistics of Income Bulletin
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