JacksonJoe
Junior Member
What is the name of your state?
Maryland.
My brother and I, AND ONLY US are on the deed to my Father's house. My brother has lived in the house for 3 years rent free. My Father lives with me and my wife, he's 82 and is in bad health. I want the house sold. If we sell the house, do I have to pay capital gains? If not, will I then have to pay it when the time comes when I want to sell my own house. Which might be in the next couple of years. I'm 51, if age has anything to do with it.
v/r
joe
Maryland.
My brother and I, AND ONLY US are on the deed to my Father's house. My brother has lived in the house for 3 years rent free. My Father lives with me and my wife, he's 82 and is in bad health. I want the house sold. If we sell the house, do I have to pay capital gains? If not, will I then have to pay it when the time comes when I want to sell my own house. Which might be in the next couple of years. I'm 51, if age has anything to do with it.
v/r
joe