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While you’ve gained a new property that can drastically improve your standard of living, you’ve also lost a loved one. Making decisions while you’re grieving can seem impossible.
The taxes for selling rental property in Colorado can be incredibly confusing for plenty of reasons, but don’t worry – I’m here to help you out.
Unfortunately, selling a house in probate is not an easy process and can be lengthy and somewhat frustrating. There are cases where you can sell a house without probate.
The first thing you are going to want to become familiar with is the tax implications when selling rental property. This is going to involve capital gains or capital losses.