I inherited a house and property from my uncle in 2010, at his death it was appraised at 75,200. I sold it in 2011 for 50,000; after real estate commissions and repairs to the house, I got 43,500. Will I owe taxes on any of this money, if so on how much.
Thanks,
Linda

No. If it was appraised for $75K that became your cost basis. If you sold it for less, they you have no gain. I don't believe you can claim it as a loss though.

Correct - no gain to report, but you can't claim a loss either (since the house was neither your residence nor an investment roperty). So there is nothing here to report on your taxes.