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tax rate

Posted on: 17th May, 2011 12:13 pm
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
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.
Posted on: 17th May, 2011 09:06 pm
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