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Important: capital gains on inherited property

Started by why_is_rent_so_high_25 · Aug 19, 2025 · 1,473 views · 11 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
WI
why_is_rent_so_high_25 OP

Looking for advice on a legal issue. Here's what happened.

capital gains on inherited property. I've been dealing with this for about 9 weeks now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

Do I have a strong case? What should my next steps be?

TL
Forum_Admin Moderator

I specialize in this area of law. Here's my take on the legal issues.

This is a common situation and the law is fairly clear. Under the relevant statute, actionable.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

SO
Sean_O_23

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

NT
nine_to_five_grind_3

I've dealt with this before.

Don't make the same mistake I did -- is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

SM
sue_me_maybe_34

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

BB
broke_but_hopeful_4

Been there. Here's what I learned.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

AC
amanda_c_21

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

NA
need_advice_asap_2

I've dealt with this before.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

CL
commuter_life_21

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

CD
case_dismissed_69_12

I've dealt with this before.

I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.

SR
samantha_r_10

I went through almost the exact same thing.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

NA
not_a_bot_i_swear_23

Have you tried reaching out to your state's bar association? They sometimes have free resources or mediation services.