May 9, 2024
Investment

Capital gains taxes: What to know when you sell your home or other asset

Capital-gains taxes occur when you sell an asset, like your home or a stock. They are paid to both the state and federal government. The government collects a percentage tax on the gain or profit of the asset while in your possession. As you think ahead to tax season, understand that taxes on capital gains were lowered

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Mortgage

My dad wants to take out a mortgage and has tried, unsuccessfully, to have Sallie Mae release him as cosigner on my $153,000 student loan. What can we do?

I thought it was a federal loan because I believe they did both types of loans. I started paying back the $153,000 interest-only loan in September 2022, while my dad paid towards the principal and the balance increased. They removed the interest-only repayments after several calls were made regarding the balance not being reduced.  My

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