I inherited land from my father in 2001. It's value at the time was $1,800. I kept records, and the property, until 2019, when I sold it for $17,400. The property is in Virginia and I am a New Mexico resident. The settlement was in Virginia. Do I have to pay state taxes on the sale (I have already computed the net gain) in both states?
If I do have to pay Virginia as well as New Mexico taxes, can I add the cost of downloading an additional state into the net gain equation?
