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Sale of inherited house
My 2 sisters and I inherited my mother’s house in January of 2024. My mother and father purchased the house in 1967. I do not know the purchase price of the house. In April we sold the house and divided the sale price equally among the 3 of us. Do I owe taxes on my portion of the sale? The house was unoccupied from January - April. The sale was not handled by a realtor and was a cash deal.
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January 17, 2025
3:56 PM