My mom inherited my grandmother's house when she passed away in April and will have completed selling it by January. What percentage will she pay in taxes in California?

Forum|Forum|6 years ago
December 16, 2019
5 replies
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Lacerte Tax

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Best answer by abctax55

Anywhere between zero & 12.3 %, plus possible mental health tax of 1% (edited... it's not 3%)

At those rates, don't you think hiring a professional might just pay off in the long run?

qbteachmt

Level 15

@catdpbg2000

You seem to be lost on the internet. Did you mean to be on the TurboTax Community forum, here:
https://ttlc.intuit.com/community/discussions/discussion/03/302

Don't yell at us; we're volunteers

abctax55Answer

Level 15

Anywhere between zero & 12.3 %, plus possible mental health tax of 1% (edited... it's not 3%)

At those rates, don't you think hiring a professional might just pay off in the long run?

HumanKind... Be Both

George4Tacks

Level 15

Ask your paid tax professional. My guess is DEPENDS

Answers are easy. Questions are hard!

IRonMaN

Level 15

I was in a Christmassy mood and was going to answer this, but then I saw George's answer was marked not helpful and my heart shrunk 3 sizes. The mood has passed.

Slava Ukraini!

George4Tacks

Level 15

<$>You have a heart? </$>
FYI - $ is the $ynical font

Answers are easy. Questions are hard!

abctax55

Level 15

sigh...the door is still open.

HumanKind... Be Both

abctax55

Level 15

@IntuitAustin @IntuitBettyJo

HumanKind... Be Both

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