Taxes on a house
September 2, 2014 7:01 PM Subscribe
I will be contacting a CPA. But I am a novice at this and I am wondering about the taxes on the sale of a joint tenancy house.
posted by buzzieandzaza to Work & Money (3 answers total)
Primary owner of a house died and the house was left to two siblings in joint tenancy. Each sibling will get 50% of the proceeds (about $100,000). Neither sibling lived in the house. Is this considered inheritance? capital gains? I know a tax accountant will help, but I am not ready to see one yet.