Inheriting property or other assets typically involves filing the appropriate tax forms with the IRS. Schedule K-1 (Form 1041) is used to report a beneficiary’s share of an estate or trust, including income as well as credits, deductions and profits. … Continue reading →

The post A Guide to Schedule K-1 (Form 1041) appeared first on SmartAsset Blog.

In borrowing, there are two types of debts, recourse and nonrecourse. Recourse debt holds the person borrowing money personally liable for the debt. If you default on a recourse loan, the lender will have license, or recourse, to go after … Continue reading →

The post What Is a Recourse Loan? appeared first on SmartAsset Blog.

The actor is ready to part ways with his Pacific Palisades digs, a Zen-inspired architectural gem with striking features and Instagram-worthy interiors. More

The post New to Market: Matt Damon’s Zen Los Angeles Home Asks $21 Million appeared first on Fancy Pants Homes.

When the pandemic hit, Angela Caban decided she needed to leave New York City and buy a house in Charleston, SC. Here’s how she bought a house sight unseen.

The post ‘I Bought This House Based on Listing Photos Alone’: Was It Worth the Risk? appeared first on Real Estate News & Insights | realtor.com®.

Need to tap your home equity? Here’s what you need to know about your options: cash-out refinance, home equity loan, and home equity line of credit.

The post Need Cash? 3 Ways To Tap Your Home Equity—and Which One’s Right for You appeared first on Real Estate News & Insights | realtor.com®.

Whether you’re trying to buy a home or looking to get a college degree, you may need to take out a loan to finance your goals. If you’re seeking out your first loan, know that borrowing money is a common…

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The post Secured vs. Unsecured Loans: Here’s the Difference appeared first on MintLife Blog.