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goldup2max · Joined: 18 Mar 2011 Posts: 1 1.31 Dollars($)

Hello,

I sold a home in 2010, which was quit-claim deeded to myself, and my other siblings, in 2006. My mother passed away in 2010, thus the reason for selling her home then. Upon the subsequent sale of the home, do I have a capital gain for the difference in the home value between 2006 and 2010? I assume I need to find some way of estimated the change in value of the home, between 2006 and 2010. Any help on this matter would be much appreciated, thank you.

jameshogg · Posted: Sun Mar 20, 2011 10:50 pm Post subject:

Hi goldup2max,

If you received a profit from the sale of the property, then you will be liable for paying capital gains taxes. You can contact a CPA and he/she will assist you further in this matter.

Thanks

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