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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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[–] • 1 pt

Instead of selling it she should put a cat farm on it. You know like raise cats. Sell Them to our future overlords the chi-knee. They love eating cats so you’ll never have too many. Guaranteed revenue stream There

[–] • 0 pt

Gotta upvote this, genius comes out of nowhere.