- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Sibling Inheritance Forced buyout - capital gains?
Trustee distributed property as co-owned by the sibling beneficiaries in spite of one sibling requesting to be bought out while it was in trust and getting cash instead. Subsequent partitioning action (initiated immediately upon deed) will force buyout. Can one treat buyout income as inheritance instead of capital gain?
‎September 18, 2023
3:23 PM