Investors & landlords

Yes after I was added to the deed he continued to live there up until his death.  Adding myself to the deed was just to make the sale of the home easier up his death.   Nothing was in writing as far as a 'Life Estate' estate but I sure I can show with facts that he lived.

 

I am planning on consulting a tax professional but was hoping to wait until 2024 tax season.   In the meantime I'm just trying to get a feel if I go ahead and split the proceeds among my siblings I won't get hit with a large tax bill next year or should I retain some in escrow until after tax season.

 

thanks