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Possible Capital Gains/Income Tax Liability
My mom recently passed away. She had signed a Transfer of Deed to my name upon her death. My question is, once her house is sold and her estate distributed to her survivor's, will I be responsible for any capitol gains or come/sales taxes that would be assessed after her property sells? If so is there a way to calculated and pay at the time of the property being sold?
‎April 24, 2024
1:21 PM