Category: tax-tips

You just inherited a house in Colorado, and the first thing you Googled was whether you owe inheritance tax. Good instinct. The answer is no, and no state agency collects a dime from you on the transfer. What your inheritance actually costs sits somewhere else, and knowing where spares you a surprise when you sell. … Continued

You closed on your Colorado home, pocketed a real profit, and then your accountant called. Now you’re hearing about capital gains, depreciation recapture, and Schedule D, and the good feeling drains off fast. Short version: you’ll probably owe capital gains tax on that profit. Colorado sellers pay a federal bill and a state bill on … Continued