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Tax, SDIRAs & Cost Segregation

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David Bittorf
  • Rental Property Investor
  • San Diego, CA
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18
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Taxes on inherited properties

David Bittorf
  • Rental Property Investor
  • San Diego, CA
Posted Oct 19 2019, 08:27

My wife just found out that she may be the heir to a property of a relative that died serval years ago. She, and 3 other family members may split the ownership of the property. My question is - if the property was sold - how would that money be taxed?  Not sure if it makes a difference but the property is in Washington DC and we live in California. 

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