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I sold a life estate homeas a remainderman after my mother passed away. The sale was split between myself and the 3 other remaindermen. How do I report this on my taxes?
The tax basis is the value of the home upon the death of the life tenant. We sold the home 4 months after the death. Home sold under appraisal. Do we have to report anything as there was no capital gain?
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May 31, 2019
10:08 PM