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our father gave us nonincome producing land years ago,it has been sold and the profits will be divided,what is the tax on my share of the profits

adonis · Posted: Tue May 17, 2011 9:06 pm Post subject:

Hi ghld,

It will depend upon the profit that you make from the sale of the property. You should contact a CPA and he/she will be able to explain it in details.

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