Do I owe any tax at all since it was sold at a loss? 1 Answers as of July 10, 2015

I inherited a home in 2006 worth $100,000 that I did not live at in 2011. I sold it for $80,000.The Title Company filed a 1099 for $80,000. The property was not reappraised in 2006 after my father’s death.

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Irsfeld, Irsfeld & Younger LLP | Norman H. Green
No. No tax due.
Answer Applies to: California
Replied: 7/10/2015
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