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Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 721
Experience:  Certified Public Accountant
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Farmland inherited in 1990 based at 85,000 from my uncle was

Customer Question

Farmland inherited in 1990 based at 85,000 from my uncle was under my aunt’s control until she passed in 2015. The land sold for 750,000, what are my tax responsibilities?
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: What do you need to know?
JA: Is there anything else important you think the Accountant should know?
Customer: No,
Submitted: 11 days ago.
Category: Tax
Expert:  Mark Taylor replied 11 days ago.

Hi, my name is Mark. I will be happy to help you with your questions. Could I get a little more information. Was the land held in your Aunt's name or was a trust involved?

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