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Get your taxes done using TurboTax
Re the basis upon the sale, each grandchild may (probably will) have a different basis depending upon who they inherited the property form, but the basis calculation is simple:
Their share of the sales price (less selling expenses) minus their adjusted basis.
Again, consult with a local tax professional and/or legal counsel who can review all of the documents, including deeds, testamentary instruments, et al.
‎December 28, 2022
1:52 PM