Q: Mom died 7 years ago, her house never transferred ownership-i want to sell it what capital gains tax do i have to pay?
Mother died about 7 years ago- no one changed the ownership of the deed or house to my siblings. Now my siblings want nothing to do with it and I am stuck with the house. The house in 2006 had a loan pulled out of it for 201,500. But i have had to make payments on the mortgage to make sure its taken care of. I would like to know the easiest route to avoid capital gain taxes as I would like to sell the house. All the siblings have agreed to do quit claim deeds to give me the property, there was no will for my mother either. I would like the best help I just don't know where to start.
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