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Capital Gains on house left to father after mother passed
When my mom passed away in 2019, she willed the house in NJ to my father who was not on the deed. My mom inherited the house from her parents in 1987. My father passed away in 2020, but never had the house re-deeded over to him. The house is now about to hit the market. I am now the executor on both estates. Do I need to do anything in order to avoid capital gains from the 1987 value of the house to the 2020 value? When selling the house, do I need to have the seller of the house listed as my mother's or father's estate? Thank you in advance for any assistance.
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‎August 3, 2021
8:03 AM