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Submitted 276 days ago...

Frank998

Frank998

New User (1)

Capital gains

My mother put her house in my brother, sister, and my name. It was intended as an inheridance, but when we sold her home we were given capital gains tax statements. Is the property an inheridance or capital gains?

 
 
 
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Submitted 276 days ago...

Liveaboard

Liveaboard

Authority (182)

It WAS an inheritance right up to the point of when you sold it. It then became a capital gain

 
 

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