Estate Tax-Federal Estate Tax

smashie14 asked:


I live in Kentucky and bought two adjoining pieces of property three years ago. I am going to sell one piece on a land contract for a monthly payment over 15 years.

I am selling the second piece to a different buyer for cash. Only the second piece has a house.

I have never owned or sold a property before. Do I have to pay the capital gains tax on the profit of the second piece? What about the first?

Roslyn Knieper

trovalta_stinks_2 asked:


from the French Revolution?

The estate tax only affects the richest to 1-2% of the population.

In case you didn’t know, the terms left-wing and right-wing originated to describe groups that sat on the left-wing and right-wing of the French National Assembly.
TYPO

I meant right-wingers OPPOSING the estate taxes
Benito,

People should suceed based on merit, not based on what family they were born into.

We stopped supporting monarchy and should have stopped supporting aristocracy during the Revolutionary War.

Rob