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Updated over 6 years ago on . Most recent reply

Cynthia Hartley's profile image
Cynthia Hartley's profile image
Cynthia Hartley
  • Investor
  • from Washington, District of Columbia
  • Member since Oct 10, 2014

User Stats

81
Posts
47
Votes
Cynthia Hartley's profile image
Cynthia Hartley's profile image
Cynthia Hartley
  • Investor
  • from Washington, District of Columbia
  • Member since Oct 10, 2014
Cynthia Hartley
  • Investor
  • Washington, DC
47
Votes |
81
Posts
Buying & Selling Real Estate

Capital Gains on Inherited Property

Cynthia Hartley
  • Investor
  • Washington, DC
Posted

My neighbor inherited a home that has been in her family for 50+ years, i.e. accumulated depreciation has been reached. Do they have to pay capital gains tax when they sell the property?

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