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Get your taxes done using TurboTax
The life estate was a smart idea for you to inherit the home and then sell it. Selling ahead of time is impacted by jurisdiction and specific circumstances, including any agreements already made. You should consult an attorney, preferably the one that set this up to determine what is already in place and required to move forward with the sale- looking at the MA law and in regards to VT taxation.
You may need a tax attorney as well.
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‎February 15, 2025
10:41 AM