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Subject:  Inherited property note Date:  2/20/2007  11:51 AM
Author:  dcampb91 Number:  92353 of 127549

Hi, and pardon me if this isn't the correct forum for this.

I inherited a note from my grandmother. She self-financed some land that she sold to friends. She passed away, and her estate didn't incur any estate taxes. I know I don't need to pay any tax on the value of the property, but do I pay tax on the interest?

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