gayannboxing
09-03-2007, 08:54 PM
I paid, Do I have to pay tax,? a business tax sales tax?
CJKatl
09-04-2007, 10:51 AM
Depends on many factors, including how long you owned the property, how much depreciation you took, and what other expenses you had and deducted previously.CORRECTIONDid not read question carefully. Thought you were talking about income tax. Depending on your location, there will be several taxes due, such as transfer tax, recording tax, etc. But not sales tax.
Listen to CJ not DrI'd thumbs up the reply by CJ but I haven't posted enough yet :(