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Teach me about Capital Gains Tax and selling land to pay for nursing home
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ProCross
Posted
1/26/2019 08:15 (#7273439)
Subject:
Teach me about Capital Gains Tax and selling land to pay for nursing home
I apologize if this is not a Market Talk subject, but I didn't know where to put this topic.
My mother is in a nursing home and she owns 540 acres. She isn't able to pay the living expenses, so she is selling 40 acres
The land she is selling was inherited in 2014, land was valued at $9,000 per acre in 2014.
Land is now $7,500 per acre. What is the Capital Gains tax?
Teach me about Capital Gains Tax and selling land to pay for nursing home
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ProCross
: 1/26/2019 08:15
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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dittfarms
: 1/26/2019 08:18
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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boatload
: 1/26/2019 08:40
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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newholland4life
: 1/26/2019 08:42
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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ProCross
: 1/26/2019 08:49
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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Dave NWIL
: 1/26/2019 09:55
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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flyboytoo
: 1/26/2019 08:50
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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nebfarmer
: 1/31/2019 05:00
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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Douglas
: 2/1/2019 16:01
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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Roundup987
: 1/26/2019 09:05
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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humblefarmer
: 1/26/2019 09:21
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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billybob
: 1/26/2019 11:57
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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nebfarmer
: 1/31/2019 04:54
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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midwest
: 1/26/2019 09:26
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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jdironman
: 1/26/2019 09:58
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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boatload
: 1/26/2019 10:18
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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Dave NWIL
: 1/26/2019 12:42
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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boatload
: 1/26/2019 15:39
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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nwiafmr
: 1/26/2019 10:35
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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vickruse
: 1/26/2019 11:29
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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Conan the Farmer
: 1/26/2019 13:54
Rent or Equity Loan
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Conan the Farmer
: 1/26/2019 13:48
RE: Rent or Equity Loan
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Grhog
: 1/26/2019 14:20
RE: Rent or Equity Loan
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vickruse
: 1/26/2019 14:43
RE: Rent or Equity Loan
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Conan the Farmer
: 1/26/2019 14:44
RE: Rent or Equity Loan
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Grhog
: 1/26/2019 16:19
RE: Rent or Equity Loan
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senodak
: 1/26/2019 20:14
RE: Rent or Equity Loan
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Grhog
: 1/27/2019 09:04
RE: Teach me about Capital Gains Tax and selling land to pay for nursing home
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techyman
: 1/30/2019 18:27
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Teach me about Capital Gains Tax and selling land to pay for nursing home
