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Updated about 2 years ago,
Taxes ? oninherited property that I've been renting for 10+ years
Mother passed away 10+ years ago and I inherited the house. I decided to rent out the house after living in it shortly and has been rented out 8+ years. If I go to sell the house now, are there any extra taxes due? I know on previous rentals I've had you have to pay Capitol Gains, how does that work in this situation? This is in NY.