tax

Inheritance raises tax questions

Home repairs protect the value of your real estate investment. It's hard to justify delaying needed maintenance projects when you've got the money to invest in those repairs. Keeping some money in reserve for an emergency fund is one reason not to spend all the inheritance on home repairs.

Managing the tax impact of selling investments is an important part of making investment decisions, but don't let it be the tail wagging the dog. Look at where the money is invested now and compare it to what you can earn elsewhere, including an investment in home repairs.

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WEEKLY TAX TIP NEWSLETTER

Our tax expert Kay Bell provides resourceful tips and advice to help you stay prepared for filing.

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