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Investors & landlords
@musicmike wrote:I am trying to see what the tax implications are to my grandmother or mother.....the basis is around $20,000....
Then your mother would take your grandmother's basis in the property (around $20k) and that would almost certainly not be the best result. Thus, you should seek guidance from an estate planning professional who will definitely offer you better options (such as a transfer on death deed or your grandmother retaining a life estate with your mother having a remainder interest).
‎August 12, 2019
3:26 PM
1,242 Views