BobKamman
Level 15
09-07-2024
01:12 PM
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Maybe suggest to the client that whoever gave the escrow company the deceased parents' SSNs should consult with a lawyer with expertise in criminal tax cases?
No, probably not.
Follow the money, not the 1099s. To whom were the checks issued? Did the house increase in value between the father's death in 2021 and the sale in 2023? There may be a gain there, taxable to someone.