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C
Colmatt
Level 5
March 17, 2021
Question

Loss allowed on sale of life estate house?

  • March 17, 2021
  • 3 replies
  • 21 views

House in life estate, parent passed away and child sold 1 year later after fixing up for sale. There was a loss.  On to schedule D or is no loss allowed?

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3 replies

sjrcpa
sjrcpa
Level 15
March 17, 2021

Was anyone living in it between date of parent's death and date of sale?

 

The more I know the more I don’t know.
    C
    ColmattAuthor
    Level 5
    March 17, 2021

    I do not believe so but I will check.  If someone did it was the grandson.  

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