Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 02-03-2012, 12:56 PM
Junior Member
 
Join Date: Feb 2012
Posts: 2
sale of inherited property

I inherited a small property, with years of back taxes due, old unlivable mobile home, septic maint due on it. Sept 2011 I sold it. I am totally confused how to show it on my taxes as I have read up on the new required forms. Can I deduct all the back taxes that I paid and all of the work done to sale it? I need to now what forms to use for selling this small property with very little gain after all has beenspent. thanks



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
sale of inherited property ? Rateye Capital Gains 7 09-25-2013 05:14 AM
US capital gains tax on sale of foreign inherited property jkoshi Capital Gains 6 01-24-2012 04:51 AM
Sale of inherited house TRSUMM Capital Gains 0 04-12-2011 06:11 PM
2010 Laws on sale of realestate inherited DRAWOHLG Capital Gains 1 10-31-2010 05:44 AM
Are proceeds received from the sale of inherited property considered taxable income? pinky Income 2 09-13-2007 01:30 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.