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Other financial discussions
The house was worth $420,000 upon death, and it sold for $420,000. The broker fees was $21,000, and the deck repair cost $12,000 (architect, repair, building permit fees) at the end we walked away with $387,000. So, no taxable gain and zero taxes due from the trust since they want the trust to pay the taxes?
‎September 9, 2019
9:35 AM