Asked 2/21/2008
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Death tax and capital gains My husband's father passed away in 2006. He and his siblings are now going through a sale of property that they have inherited since their grandmother passed. W/ the sale of this property that they have inherited - what kind of taxes will they pay? Looking at capital gains - it depends on your income - so who's income will they look at? Will they have to pay inheritance tax prior to selling the property? |
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