Question by Magnix2k : Do I need to pay inheritance tax on real estate properties
After my dad this, I have sold my dad?s 14 rental houses and distributed the money to my siblings (and myself). Do I need to pay pay inheritance tax on what I?ve received from those houses? Its about $ 75K in hand.I understand I DO need to pay taxes on rental incomes.Thanks!Whats capital gains taxes?We live in Texas. Best answer:
Answer by Lori Ann
and capital gains taxes
too
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