Is there one?
What if a person has been living in their parents' home and their parents die and they inherit the home?
When selling the home, what percentage of the selling price of the home can they expect to pay in inheritance taxes?
20%? 30%? 40% More?
On 05/18/21 19:46, gggg gggg wrote:
Is there one?
What if a person has been living in their parents' home and their
parents die and they inherit the home?
When selling the home, what percentage of the selling price of the
home can they expect to pay in inheritance taxes?
20%? 30%? 40% More?
0%. The estate pays estate (inheritance) taxes, not the recipients.
Federal exemption on inheritance taxes is over $5 Million. State
exemptions may be less, though (e.g., $2 Million in WA).
Is there one?
What if a person has been living in their parents' home and their parents die and they inherit the home?
When selling the home, what percentage of the selling price of the home can they expect to pay in inheritance taxes?
20%? 30%? 40% More?
Whatever they are called (inheritances taxes? estates taxes?), I still want to ask:
- What if a person has been living in their parents' home and their parents die and they inherit the home?
When selling the home, what percentage of the selling price of the home should they expect to pay in taxes?
20%? 30%? 40% More?
On 05/19/21 22:40, gggg gggg wrote:
Whatever they are called (inheritances taxes? estates taxes?), I still want to ask:
- What if a person has been living in their parents' home and their parents die and they inherit the home?
When selling the home, what percentage of the selling price of the home should they expect to pay in taxes?
20%? 30%? 40% More?What state do you live in? Each state is different.
Why would you sell it if you're living in it?
On 05/19/21 22:40, gggg gggg wrote:
Whatever they are called (inheritances taxes? estates taxes?), I still want to ask:
- What if a person has been living in their parents' home and their parents die and they inherit the home?
When selling the home, what percentage of the selling price of the home should they expect to pay in taxes?
20%? 30%? 40% More?What state do you live in? Each state is different.
Why would you sell it if you're living in it?
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