I inherited a property, paid the required inheritance taxes and now want to sell it for more than it was appraised for. How much capital gains tax do I have to pay?
by 
Debra Lawson
ANSWERS: 1
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Your "basis" should be the amount it was appraised for, and on which you paid the inheritance tax. That will be subtracted from your selling price, along with other associated expenses, to come up with the capital gain, on which the tax will be calculated.
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