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Deductions & credits
Probably no tax is due, but more detail is needed before you can get a definitive answer.
If this is the sale of an inherited house, sold shortly after the death of the previous owner, there is usually no capital to pay tax on. The sale does not need to be reported, unless a form 1099-S was issued
If this is the sale of an inherited house, sold shortly after the death of the previous owner, there is usually no capital to pay tax on. The sale does not need to be reported, unless a form 1099-S was issued
‎June 4, 2019
1:33 PM