Afraid of taxes when selling inherited home?
Don't worry, unless you wait too long
By Ilyce Glink, Thursday, August 21, 2008.Q: My father recently passed, and my siblings and I sold his house and split the profits according to his will.
What would be the best way to keep from paying taxes on this gain? It's approximately $14,000. If I put it in a Roth IRA or regular IRA would that shield me from the tax burden? Please give me some advice on what to do with this money so it's not so devastating when tax time comes.
more...Copyright 2008 Ilyce R. Glink
All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.


