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If I transfer my mothers house that is currently in a trust to myself, will i have to pay any tax since $250,000 of the profit not taxable?
My mother died July 2 2024. Her house is in a trust. My sister and I are the beneficiaries' of all the trust assets.
Should we sell the house while it is still in the trust and pay capital gains tax on it, or should we take outright ownership of it and sell it as individuals?
‎December 16, 2024
2:54 PM