J
Jaca
Guest
What is the name of your state? I live in Texas. I inherited property in Louisiana about 10 years ago that I just sold. The property sold for $71,000 . I had borrowed $40,000 on the property that was paid with the $$ from the sale. Do I owe tax on this or should all taxes have been paid when the will was probated? This was the only thing of value in the will.