What should I expect to pay taxes on a house I am selling?
I am selling my house for 20 grand. I have a buyer and he’s paying cash. I know I am going to have to pay taxes on this but i can’t figure out how much. Our tax here in Maryland is 6%. I just wonder if there’s anything else to it besides the 6%?
I have never lived in it. It’s been in my name under 6 months but was willed to me 22 years ago.