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Home financial budget money news personal finance personal finance news Suppose I inherit something in 1958 valued at $5,000. Then I sell it today at $35,000. Do I have to pay taxes on the increase in value? How much?

Suppose I inherit something in 1958 valued at $5,000. Then I sell it today at $35,000. Do I have to pay taxes on the increase in value? How much?

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Similarly, if I buy a $100k house one year then years later sell it for $1 million, do I have to pay taxes on the increase in value?



Submitted December 19, 2020 at 01:40AM by TenantFriend1 https://ift.tt/3rbIA5m
financial budgetmoney newspersonal financepersonal finance news
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