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If I sell the rental that I inherited eight years ago and the step up was 77,000 and I sell it for 114k what will I pay in taxes? Thanks
I inherited my fathers house 7 years ago & have been renting it. I just sold it for 114k & I will receive 106k after all said & done. When I did my taxes that year it stated the was valued at 77k. What will I owe in taxes? Thanks
‎June 4, 2019
9:44 PM