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Investors & landlords
Using an example: You inherited $10,000 in 2002 and invested it in a mutual fund. In 2018 you sold the mutual fund for $25,000. You have a $15,000 long term capital gain to report. The original $10,000 was not taxable in 2002 or 2018.
‎June 6, 2019
1:03 AM