Posted on: 12th Nov, 2010 08:16 am
if my mom quick claimed her paid for house to me, now she is in a nursing home and we auction it, what taxes do i need to pay?
Hi jd,
If you become the owner of the property and gain profit from the sale of the property, then you will be liable for paying capital gains taxes.
Thanks
If you become the owner of the property and gain profit from the sale of the property, then you will be liable for paying capital gains taxes.
Thanks