Send to a Friend
Do capital gains taxes even apply in this situation?
)
February 24th, 2022
I have 2 sisters. The youngest one, Becky, is a complete nutcase that nobody wants to have anything to do with.
My dad’s wife died last year. She had appointed Lex, the other sister, POA.
Lex is in the process of selling the house, which is on an Island in Florida, to herself. We all agreed to let her buy it for $400,000.
Well, Beck keeps trying to throw a monkey wrench in the works in a desperate attempt to be important. In this attempt she keeps bring up “capital gains tax” on the house.
She has never bought, or sold, a house in her life. She has no investments.
From what I’ve seen, CG tax applies to short term investments and I don’t think they would apply in this case. An inheritance tax, or income tax maybe, but not capital gains.
What is she talking about?
Using Fluther
or
