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June 19, 2019
Question

Say you own a house in California that you bought in 2002 with 3 other people who now want to buy you out, netting you about $18,000. What, if any, is the tax liability?

  • June 19, 2019
  • 1 reply
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1 reply

Lisa995
Employee
June 19, 2019

Is this a rental property or do all of you live in it or what's the situation?

You say "net" 18,000, what figures did you use to come up with the "net" amount?

♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪