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Tax for selling property

Posted on: 26th Jul, 2013 12:28 am
Hi there... My father died in 2011 and before that he put the property in my name with the county recorder's office. If I sell the home now, will I owe huge taxes on it? I need to know this as I really need money.
Well, if you sell off the property for a profit, then you will be liable for paying capital gains taxes. The amount of tax may depend upon the profit that you make.
Posted on: 26th Jul, 2013 01:08 am
Hi Guest,

You can contact a tax adviser and he will let you know whether or not you will be liable for paying taxes.

Thanks
Posted on: 28th Jul, 2013 08:40 pm
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