Posted by: novaguy83 May 11, 2010
Login in to Rate this Post:
0
?
@ newlynew : when he formally inherits the property, he is liable for the inheritance tax as well as yearly property tax. If you fill out your income tax, you might have noticed the tax on inherited property.
He might have to sell some of his property to pay the tax. That's why they say Americans are taxed to death.
He might have to sell some of his property to pay the tax. That's why they say Americans are taxed to death.