Mary M
Level 2
03-29-2022
12:27 PM
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"How do you know? Did you see the Inventory?"
This property was only asset NOT in Mr Smith's estate. He quick deeded it out of his estate and into him and my client's name in 2019. My client had ZERO to do with the estate or sale of any other assets.
There is apparently no way for client to find out if Mr Smith paid or didn't pay gift tax. He did not gift anything to anybody before his death. He just did the quick deed on this property.
No clue what to use for FMV on this sale. <sigh>
"Why, me Lord" by Shaggy