Sale of Mom's House (Life Estate) in NC
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Sale of Mom's House (Life Estate) in NC

In NC in 2001, my mom signed a Life Estate document, naming my brother and I on the document.  She was placed in a nursing home 2 years ago with the house sitting empty for those 2 years.  She passed away in January 2018.  My brother and I just sold the house, splitting proceeds 50/50.  I am now trying to find out what my Federal and NC state tax liabilities will be. Thanks.  

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