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Home / Blog / Frequently Asked Questions: Gifts & Inheritances

Frequently Asked Questions: Gifts & Inheritances

Question:

I inherited property and now I’m selling it, will I pay income tax?

Answer:

It depends on the tax “basis” of the property.

For more information:

https://www.irs.gov/faqs/interest-dividends-other-types-of-income/gifts-inheritances/gifts-inheritances

By Ashley Ackal | Published June 3, 2019 | Posted in Uncategorized

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