I inherited property from a person, was left to me and her son 50/50. I have lived in it for 13 yrs. If we sold it for approx $145,000 split 50/50, approx how much IRS tax would we have to pay each in California state?
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I inherited property from a person, was left to me and her son 50/50. I have lived in it for 13 yrs. If we sold it for approx $145,000 split 50/50, approx how much IRS tax would we have to pay each in California state?
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