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Capital gains or others taxes
I lived in a house owned by my mother for 34 years. My mother passed (we moved into her house ) and we sold the house we had be living in for $35,000 and it’s valve was $61,700. The house was in my mothers name. But I was inherited it. My questions is, will I have to pay taxes, capital gains or other, on the $35000 even thought we sold it for less than the value? Thank you
November 16, 2022
11:44 AM