For the last 20 years, my wife and I managed the property in Pennsylvania, left by her mother for the use of the siblings. This included real estate taxes, utilities and major physical repairs. For the first 4 years I requested the other siblings contribute a share towards the taxes, which they declined to do. At no time were any family members not given access to the property as needed. Last year we notified them that if no one was willing to take over responsibility and/or needed a place to live we were putting the house on the market.
The house had no mortgage, and my mother in law died without a will. The family agreed to follow her wishes and keep the house so everyone would have a place to live if needed. Several family members did make use of that house for up to 3 years over this period. They all also signed off on letters of administration to give my wife legal responsibility for the estate.
Now the house has sold and the total out of pocket over 20 years comes to @ $113,000.
In filing the original estate tax the probate lawyer assigned $2000 to my wife as administor fees. As i understand it that fee is taxable as income. What about the reimbursement money?
Is this money taxable to us as income?
We have receipts for everything.
