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My mother in law inherited unimproved property 40 years ago. She wants to sell it now. She’s concerned about taxes. Will she have to pay capital gains tax, and if so, what is the rate?

My mother in law inherited unimproved property 40 years ago. She wants to sell it now. She’s concerned about taxes. Will she have to pay capital gains tax, and if so, what is the rate?

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[–] 0 pt (edited )

Start a 501 (c)

donate the property to the 501 and enjoy the tax break

have the 501 sell the property (tax free)

use the money from the sale to pay yourself a small amount of income over a few years so the income tax is low

watch as the money grubbing jews start crying