When you sell property for more than you paid to buy it, the profit is known as  “capital gain.”  Like ordinary income, the capital gain you receive is subject to taxes, but at the...Read More

By Harry S. Margolis Joint ownership of bank accounts, investments and real estate can have both significant benefits and risks. To understand these, we must first explore the three types of co-ownership: co-tenancy, joint ownership and tenancy by the entirety. All three types of ownership can apply to real...Read More