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Updated about 1 year ago,
Need help- I am confused
Hello- Can someone please tell me if I will have to pay any type of federal capital gains tax on a property that I sell in Washington state that was given to me? (There is no mortgage on it). From what I have researched there will be a 1.1% real estate excise tax because the sale of the property will be under $525,000. Is this correct?
Also, can anyone recommend someone that would be willing to sit down with me and discuss some real estate tactics for selling the house and purchasing another… For a fee of course! :)
Thank you so much in advance!