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by CareyBot

DEAR BOB: I recently sold my house. My wife died three years ago. Her name is still on the deed. How do I get her name off the title and figure my capital gains tax on my income tax returns? --Harold McD. DEAR HAROLD: Presuming you inherited your late wife's half of the house, you have a new stepped-up basis as of the date of her death. Purchase Bob Bruss reports online. Depending on the details, you might owe little or no capital gains tax. Please consult a local real estate attorney and tax adviser to sort out the details. SENIOR-CITIZEN REVERSE MORTGAGE AVAILABLE ONLY ON PRIMARY HOME DEAR BOB: My wife and I own three properties. We rent two and live in the other. I am 68 and she is 61. Can we obtain a reverse mortgage on our home while owning two rental properties? --Robert U. DEAR ROB...