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Mark Taylor
Mark Taylor, Certified Public Accountant
Category: Capital Gains and Losses
Satisfied Customers: 1644
Experience:  Certified Public Accountant
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I inherited my fathers home upon his death. We totally

Customer Question

I inherited my fathers home upon his death. We totally renovated the home will close on the sale 01/17/17. I need to know about capital gains taxes?
JA: I love the idea of making big money with investments, but there are so many things that could go wrong. The Accountant will be able to help you. Please tell me more, so we can help you best.
Customer: The home was in bad shape requiring repairs, remodel etc.
JA: Is there anything else important you think the Accountant should know?
Customer: I need to know if I will owe capital gains after we sell?
Submitted: 3 months ago.
Category: Capital Gains and Losses
Expert:  Mark Taylor replied 3 months ago.

Hi, my name is Mark. I will be happy to help you with your questions. When did you inherit the property? Was the property in a trust? I will be happy to help you with any capital gains calculations I would just need to find out some additional information.

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