Inherit taxes
My wifes father who owned a home in texas, recently died. His surviving children (4) sold the home and divided the profits among them. Do they owe taxes on this money?
Asked on 2/11/05, 10:36 pm
2 Answers from Attorneys
Mark Johns
Mark Johns, Esquire
Re: Inherit taxes
The Estate would pay any taxes due.
Answered on 2/12/05, 6:24 am
Marc V. Taiani
AAAL - Allegheny Attorneys At Law
Re: Inherit taxes
Yes taxes would be due, but paid by the estate.
Answered on 2/12/05, 9:49 am
