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Get your taxes done using TurboTax
Follow up question.
Appraisal assessment at the time of sale was $1'893'000, sold for $1'899'888. Land assessment for taxes was $620'000 before improvements and sale.
$1.75M was split 3-way. House was in a Trust. Trust did the sale. House in California, all siblings are in California.
So, we are good to not report it?
Thanks
Monday