Q. Me and my siblings inherited my mom’s beach house in West Cape May. We sold the house for $475,000. We live in Maryland. My mom had the house for at least 30 years. She stayed there about six months out of the year and her residence was Maryland. Do we have to pay the exit tax in New Jersey?
— Beneficiary
A. We’re sorry to hear about your mom.
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August 17, 2022 at 08:03AM
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Mom died. Do we owe the exit tax on her beach home sale? - NJ.com
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