PaulaM
Employee Tax Expert

Deductions & credits

You can use the calculator in the link below (through step 3) to estimate the amount of taxes due for property with no basis. You will need to look up the state capital gains rate for your state. Contact your state's revenue department.

Are you certain there is no basis? A reasonable estimate using historical data (county records) would be better than claiming no basis at all.  

https://apiexchange.com/capital-gain-tax-calculator/

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