754714
my mother died, we sold her house, and received 48,667.46 (cash to seller). me and my sister both received a check for $24,333.73. do i pay tax on it? I read the thing on the FMV, fair market value.. but i don't understand it??? you would think the fair market value should have been at least 75,000, that is what we were asking for it originally, but gave up getting it, and finally ended up for selling it for way less $54,000. Do I have to pay taxes on that $24,333.73?"
You'll need to sign in or create an account to connect with an expert.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ydarb213
New Member
Naren_Realtor
New Member
mswright5911
Level 1
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
colehabbels
New Member
elliottulik
New Member