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Do you have to pay taxes on the money you get from sell the house you inharet?
Wiki User
∙ 13y ago
Yes this could be possible and only you will have all of the necessary information that will be needed to file your 1040 income tax return correctly to determine any amount of income tax that may be due on the sale of the capital asset.
Wiki User
∙ 13y ago
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Do you have to pay capital gains tax on your deceased fathers house when you sell?
Do you have to pay taxes on deceased mother's house when it sells
Do you have to pay capital gains taxes when you sell a house?
If you had the home as your primary residence within the past 2 years, you will not have the pay the taxes. This is as long as you did not gain more than $250,000 from the sale.Ê
Do you have to pay income tax on a home equity loan?
I don't believe you do. You will pay income taxes when you sell the house--this is called capital gains.
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If your car is repossessed can they take your house if you do not pay?
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How do you make money in cities XL 2011?
Make industries to sell and pay taxes...
Do you have to pay capital gains tax on your deceased fathers house when you sell?
Do you have to pay taxes on deceased mother's house when it sells
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How are social programs paid for in Europe?
Governments make money through taxes. They can also use money from creditors when they sell bonds.
Can i sell cigarettes that i rolled from my house?
No. Tobacco is regulated by the federal government and you would have to pay taxes and get licenced.
Can you sell a house for taxes if the owner is deceased?
AnswerYes. In fact, taxes are usually the number one creditor of an estate and take precedence over nearly everything else. In other words, you would have to sell the house and all the other property necessary to pay the taxes before you could even think about who might get anything left over.
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Step-father has lifetime rights to house The county property taxes have not been paid for three years and foreclosure is a future possibility At what point can I sell the house?
You can sell your rights to the property at any time. I assume that you are the remainderman. You can pay the taxes and file suit against your step-father.
Is it illegal to sell a house with taxes owed on it?
No but it will need to be disclosed and the buyer or seller will need to pay those back taxes before the title can be fully transfered to the buyer.
What happens when the city puts a lien on your house for unpaid taxes?
Eventually the city will take possession of the property and sell it.
Who used money in ancient rome?
Money was used by everybody. It was needed to buy and sell goods, buy food pay the rent and pay the taxes.
Do you have to pay taxes if you sell a house and property you inherited in Oklahoma?
Actually inheritance (if any) taxes were handled when you received the property. That point in time establishes your basis in owning the property. What you sell it for above that value essentially decides what your taxable gain will be.
