jstarconcept
Junior Member
What is the name of your state (only U.S. law)? New York
We inherited a house through a living trust. The house was purchased in 1974 for approximately 70,000 the house is worth 850,000. What kind of tax burden are we facing if we decide to sell?
We inherited a house through a living trust. The house was purchased in 1974 for approximately 70,000 the house is worth 850,000. What kind of tax burden are we facing if we decide to sell?