qbteachmt
Level 15
06-30-2021
03:41 PM
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"Now what do I do on the tax return for the sale."
No one on the internet can research the rest of this, even if my description is close to reality. Examples:
Whoever was handling this sale should have determined there were Real Property legality issues. If the deed or title showed the deceased, then this is sold as a separate asset to the other party.
If the partnership share is sold, it doesn't include land it doesn't own. That is going to affect the FMV of the Partnership.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers