As a means to settle a dispute I made against father's estate my sisters and I are being asked to sign over our property rights with act of cash sale, mutual receipt and release and agreement to close probate paperwork all at same time. We were told no 1099s were bein issued at sale. What's going on? There would be no way for us to report this and it seems like they want the sale to be after probate is closed. Doesn't that make the proceeds regular income and leave us with hefty tax burdens?
