What is the name of your state? Ohio
I am receiving a piece of property from my sister for $0.00 using a quit claim deed. I receive a government pension (DIC) from my late husband, which is not taxable. I have no "taxable" income. If I sell this property for say $30,000.00 in the near (less than a year) future, how will I handle capital gains tax. More specifically what I want to know is do I have to pay capital gains tax & how much in Ohio? Thanks for any help.
I am receiving a piece of property from my sister for $0.00 using a quit claim deed. I receive a government pension (DIC) from my late husband, which is not taxable. I have no "taxable" income. If I sell this property for say $30,000.00 in the near (less than a year) future, how will I handle capital gains tax. More specifically what I want to know is do I have to pay capital gains tax & how much in Ohio? Thanks for any help.
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