Not your question?
Ask your question
View similar questions
Add your answer here.Check out some similar questions!
Tax on inherited property
[ 4 Answers ]
My mother died in 1980 without a will. The house was split 4 ways and my father was one of the 4. in 1990, he signed his share over to the three kids and has lived there rent free For the past 17 years. Now he is moving and we need to sell the house. He showed me An appraisal done at my...
Basis and Expenses on Inherited Property Sale
[ 8 Answers ]
My wife and brother-in-law inherited their father's home upon his death 6 months ago. Brother-in-law wants to purchase my wife's share. Brother-in-law is also executor. How do we establish basis, FMV and report sale between siblings of inherited real estate? The plan at the moment is to get...
How much tax do we pay for house/property inherited?
[ 1 Answers ]
so I'm not sure how all these taxes work, but my mom was asking me if she put in her will to give one of us the house/property, how much tax do we pay or she pay? She also mentioned that there are some legal forms we have to sign for that too and that there are several types, which one would be...
Tax on Inherited property?
[ 1 Answers ]
I inherited a home from my mother. The home was sold six months from the time of her death, and no improvements were made on the home. Do I have to pay capital gains tax?
Do I pay tax on inherited property sold?
[ 7 Answers ]
My brothers and I (4 of us) each inherited equal portions of my mother's house when she died. We sold the house shortly after the estate was settled and each of us received ~ 18,000 (there was no mortgage). Now, I am aware that any gain is taxed as long term no matter how long we owned it, since it... View more questions Search
|