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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationTaxes on inherited property
Ronald H.'s profile image
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Ronald H.
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  • from Winston Salem, NC
  • Member since May 20, 2009
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Ronald H.'s profile image
Ronald H.'s profile image
Ronald H.
  • Grounds Maintenance
  • from Winston Salem, NC
  • Member since May 20, 2009
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Ronald H.
  • Grounds Maintenance
  • Winston Salem, NC
11
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143
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Tax, SDIRAs & Cost Segregation

Taxes on inherited property

Ronald H.
  • Grounds Maintenance
  • Winston Salem, NC
Posted Jun 11 2014, 15:15

I inherited my Mom's home and the deed was passed to me one year ago this month. The home needs a lot, and I have been considering selling.

From what I am reading, I would have to wait until next June of 2015 to be in exempt status to Capital Gains. Am I correct?

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