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selling a house in s.c. when i live in n.c.

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blackcat

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Post Posted: Tue Nov 23, 2010 6:01 am    Post subject: selling a house in s.c. when i live in n.c.
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I have inherited a house after going thru 1 year of probate in the state of S.C. The house is in S.C. I live in N.C. and if I sell it do I have to pay any kind of taxes on it ? I haven't lived in the house since back in the 80's.
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jameshogg




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Location: Nevada
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Post Posted: Tue Nov 23, 2010 10:40 pm    Post subject:
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Hi blackcat,

If you make a profit from the sale of the property, then you may have to pay capital gains tax.

Thanks
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