Legal Question in Real Estate Law in New York
I live in California and sold my mother's home in New York. Who do I have to pay taxes to? Federal or State of California or New York.
2 Answers from Attorneys
If you sold your mother's home, you should not have to pay any tax. The tax should be paid by your mother. As a New York resident, your mother should be paying a transfer tax to New York. Depending on the amount of the sale, a gains tax maybe paid to Federal government and possibly New York. No tax would be due to California.
Mike.
Who owned the home? I'm not sure I understand what you mean about "selling your mom's home." Is mom still alive? Did she die and leave the house to you? Was the home mom's primary residence? Could be different tax results depending on the answers.
Good luck.
Rick Bryan
New York, NY