Activity Feed
- Posts
- Replies
-
There was no income yet I was concerned about the cash transaction to sell the 50% to sister. I do have a substitute 1099S for this transaction yet not sure if ...
-
HelloThank you in advance for all your info. Let me try to re summarize1) Parent dies and leave primary residence titled in trust 50% to each daughter A and B.2...
-
-
Thank you. There was no gain as the purchase of the 50% ownership was based on value at date of death so sale price equaled basis
-
Yes the mother passed away and an appraisal was done date of death of $575,000.00 and sister paid the trust for half so she could solely own home. No profit as ...
