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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

hire an accountant

When it comes to a large amount of anything, it's always best to retain a professional.

[–] • 1 pt

Wholly agree there. I believe she will do that.