Legal Question in Wills and Trusts in New York
my friend's mother died in 2011 and left the house to him. It's worth about 180k.
Does he have to pay income taxes on this?
Asked on 2/04/12, 5:47 pm
1 Answer from Attorneys
Arnold Nager
Arnold H. Nager, Esquire
No. And if there were no other assets, there will be no federal or NYestate tax either.
Answered on 2/04/12, 5:51 pm
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