Tanya G. asked

💰  Tax

My father passed away, and I am on the title to his primary residence as Joint Tenants with Right of Survivorship (JTWROS). The home was purchased in 2019 for $100,000, and I am now selling it for $157,000. I never lived in the home and there have been no improvements. How much will I owe in capital gains from the sale of this property, and can I pay it in advance rather than waiting for tax season?

July 10th, 2023

Lindsey F. answered

When you inherit property as Joint Tenants with Right of Survivorship (JTWROS), upon the death of on...

July 10th, 2023

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