Tax Expert Noel Spencer: Inherited Property Holding Period


Make text smaller Make text larger



Photos



  • Noel Spencer



What is my holding period for inherited property I sold within one year of the decedent's death?


Inherited property is automatically deemed to be held more than one year [1223(9)]. Thus, the sale of inherited property will result in a long-term gain or loss, regardless of how long the heir actually holds it.

Noel Spencer
735 Broadway, Newburgh, NY 12550
845-220-2080
Ask Noel Spencer a Question
www.spencersfinancial.com




Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

Dieticians pick 'Top 10' for healthy eating
What are the ten best foods for healthy eating? ShopRite dieticians say they have the answer.
“As part of the first campaign in the Well Everyday program, we polled our...

Read more »
Image

Banned Books Week: Sept. 23–29, 2018
More than a book a day faces expulsion from free and open public access in U.S. schools and libraries every year. There have been more than 10,000 attempts since the American...
Read more »
Image

Sugar Loaf United Methodist Church will host annual Blessing of the Animals on Oct. 13
SUGAR LOAF — If you’ve ever wondered about the love between a human and their pet, witness it firsthand at Sugar Loaf United...
Read more »
Image

College Admissions Expert Elizabeth Levine: Help for Student Debt
I receive panicked calls from young adults that have graduated college and/or graduate school asking for advice on how to manage their student debt that they now have to undertake...
Read more »
Image

VIDEOS



Subscribe to our mailing list

* indicates required
Community Newspapers



MOST COMMENTED



Find more about Weather in Chester, NY