Deductions & credits


@AmeliesUncle wrote:
Are you sure?

Yes, I am sure; positive, in fact, since this was one of my areas of expertise. 

 

The buyer of a remainder interest, however, would take that interest subject to the life estate (which is one reason the interests, being future interests, are not very marketable and few are sold). Regardless, the person holding the remainder interest does not need the permission of the life tenant in order to sell the remainder.