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Thomas McJD
Thomas McJD, Attorney
Category: Estate Law
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Experience:  Wills, Trusts, Probate & other Estate Matters
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On a inherited property through probate,that is sold with a

Customer Question

On a inherited property through probate,that is sold with a loan on it ,what portion of the sale is a gain?
Submitted: 6 months ago.
Category: Estate Law
Expert:  Legalease replied 6 months ago.

Hello there --


Is the property or was the property in the name of the probate estate deceased party when it was sold (did it happen as part of the probate process) OR was the property deeded to the beneficiary of the estate and now that person has sold it?



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