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Get your taxes done using TurboTax
Thank you for your quick response. I'm a little slow in understanding how to put it together. This what I came up with:
Gain for each of the 3 remaining siblings
2023 Gain = 2023 Sale Amount – ((2014 FMV/4) + ((2014 FMV/4)/3))
Where 2014 = Year of original inheritance
Did I get it right?
April 5, 2024
11:18 AM