TopHot
Would I owe capital gains tax in this case?
Would I owe capital gains tax in this case? I will soon inherit a rent house from my father, who recently passed, in a city about 6 hours away from me (Texas). When initially purchased by my father last decade, its purchase price was roughly $45K. My father rented this unit out all these years and, in fact, it still has a tenant. Once the deed is transferred to me, if I choose to sell it ...
Category:
