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I received this home through the death of a friend, went thr

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Icon Mini Profile lharris





Joined: 31 Mar 2008

Posts: 2

1.10 Dollars($)
Post Posted: Mon Mar 31, 2008 7:29 am    Post subject: I received this home through the death of a friend, went thr
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I received this home through the death of a friend, went through probate, has outstanding debt, I have it on the market to sell now. Will I have to pay capital gains tax or inherentance tax?
Icon Mini Profile larry





Joined: 27 Jun 2007

Posts: 3322

474.67 Dollars($)
Post Posted: Thu May 22, 2008 2:41 am    Post subject:
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Hi lharris,

I have answered your query at http://www.mortgagefit.com/discuss/about11156.html#51950

Have a look at it.

Feel free if you have any further questions.

Best of luck,
Larry
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