| capital gains and state taxes
What is the name of your state? Georgia.I live in Ga. however,
i recently inherited a house in fla and wish to sell the property.
this was not a blood relative who left me the property. the property was left in a life estate going to the persons brother who passed away in march 2002, and now i have the property as specified in the will. if i sell this property will i have to pay capital
gains tax? property will probably sell in the 60 to high sixties.
i wish to sell in as is condition. this property was used as a rental
property until i evicted the renters because of neglect and misuse
of the property. it is located in orlando fla. and is under a property management real estate company. however not trusting these people to act in my best interest by not telling me certain things or listing property correctly(therein is the trusting problem)
it is not convenuent for me to travel to fla. all the time.i guess the bottom line question is, will i have to pay capital gains and if so how much percentage is this going to be based on the selling price? | 
07-19-2002, 09:46 AM
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