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What if piece a of property value at 400000 your share is 383546 you pay the difference to the estate would you have to pay capital gain taxes on the property when it is sold?
Wiki User
∙ 15y ago
Ignoring any possible reasons, (like primary home) that the gain would otherwise be exempt.... The basis of the property in your hands is the amount of the value from the inheritance/estate. You would have a gain from that amount (plus any additions of course). This is actually a great thing...say the person you ingherited it from paid 100K....the gain of thew 300K (100-400), is NOT taxed. This is called a stepped up basis.
Wiki User
∙ 15y ago
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What is 60 percent of 400000?
60% of 400000 = 60% * 400000 = 0.6 * 400000 = 240,000
What is 392153 to the nearest hundred thousand?
It is 400000.
Which African capital city was founded when the French built Fort d'Aumale in 1843 and now has a population of almost 400000?
Libreville
What is 392153 round to the nearest hundred thousand?
It is 400000.
How do you add 400000 to get 150700?
You start with 150700 - 400000 = -249300.Then -249300 + 400000 = 150700.
What is 679910 - 400000?
679910 - 400000 = 279910
What is 2000000000 divided by 5000?
400000
What is sales tax of 1.5 percent of 400000?
1.5% of $400,000.00 = 1.5% * 400000 = 0.015 * 400000 = $6,000.00
What is one percent of 400000?
1% of 400000=4000
What is 438902 rounded to the nearest hundredthousand?
It is 400000.
What is 99 plus 400000?
99 + 400000 = 400099
What is 419057 to the nearest hundred thousand?
It is 400000.
