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re: What happens to homes when occupant passes?
Posted on 5/7/24 at 2:40 pm to fareplay
Posted on 5/7/24 at 2:40 pm to fareplay
quote:
This is my lack of tax law but I’m assuming it’s an inheritance and at a large sum, there should be a large tax bill. Most Americans don’t save so easier to liquidate and collect cash
This depends on the state. Louisiana for instance does not levy an inheritance tax. The Federal Gov will collect an estate tax on estates in excess of (13 million I think?)
Posted on 5/7/24 at 2:41 pm to RaginCajunz
As much as I dispise boomers I don’t think on average they are worth that
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