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My mother and father gave us there home and we just sold it for 80,500. How much tax will we have to pay. We have never lived in the home and it is recorded we paid 1.00 for the home 5 years ago.
My mother passed away last december. i was wondering about the money that i received from her estate. also, does it matter that she had most of it setup in a trust?
I would probably travel back to meet our founding fathers, Abe Lincoln, G. Washington, Thomas Jefferson.
My mother and father gave us there home and we just sold it for 80,500. How much tax will we have to pay. We have never lived in the home and it is recorded we paid 1.00 for the home 5 years ago.
My mother and father gave us there home and we just sold it for 80,500. How much tax will we have to pay. We have never lived in the home and it is recorded we paid 1.00 for the home 5 years ago.
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