TaxGuyBill
Level 15
12-06-2019
11:02 PM
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But it sounds like a Life Estate could have been involved, which would affect the Basis and possibly who owe any tax.
Another question to find out that could possibly affect things ... if the father did NOT die, who is receiving the proceeds of the sale?
Another question to find out that could possibly affect things ... if the father did NOT die, who is receiving the proceeds of the sale?