answersLogoWhite

0


Best Answer

If you lived in the house as your principal residence for at least two of the preceding five years, and your profit on the sale was no more than $250,000, you owe no taxes regardless of any other factors.

User Avatar

Wiki User

16y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If your mother precedes you and you later sell the house you own together as a disabled person with no earned income or tax filing will you be required to pay taxes on a capital gain?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How much minimum capital required for nifty lot?

The minimum capital required for nifty future is Rs.50000.


How much gambling capital required?

blue


Would you capitalize the words governor and campaign in The governor came to campaign in the capital?

No, you would not capitalize "governor" or "campaign" in this sentence. They are common nouns, not proper nouns, and do not require capitalization. Only "capital" would be capitalized as it refers to a specific place.


Features of employment?

no capital is required 4 investment.


When would the word pressident be capital ized?

It is capitalized at the beginning of the sentence or when it forms part of the proper noun or when it precedes a person's name or when it is used as a direct address. Example: President Obama


What would be the entry on authorized capital stock?

There is no entry required for authorized capital as it is just the information purpose that a company can issue that much of capital maximum.


Why different sources of finance is needed for capital expenditure?

Different sources of capital has different percentage of interest amount payable so optimum capital mixture required to finance business.Due to high risk and high interest rate associated with different source of financing so optimum capital structure is required to get maximum benefit.


What is the capital requirement of universal banks?

Capital requirement is the amount of capital a financial institution is required to hold. The capital requirement for Universal Banks is four percent of their weighted average calculation.


What were the three factors of production required to drive the Industrial Revolution?

What were three factors of production required to drive the industrial revolution? that is not an answer the answer is: Land, labor, and capital _______________ that is correct, thanks


What economic prosperity required reinvestment of profits in capital expansion?

Marx


How much capital required in large scale industries?

9 lakh


Does nurse have a capital letter?

It is capitalized at the beginning of the sentence or when it forms part of the proper noun or when it precedes a person's name or when it is used a direct address. Examples: Nurse Alyssa Give her sleeping pill, Nurse.