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Estate sold vs capital gain
Our father passed away, leaving his home to be sold and then divided equally between my sister and I. The house was sold by the estate trustee. Since we did not take ownership in the form of a deed, do we owe capital gains on the sale of his house, or does the estate pay the taxes, and we inherit, free of taxes, the proceeds of the sale? Thank You
‎January 23, 2022
5:39 AM