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My grandmother died without a will or trust. Her estate sold
My grandmother died without a will or trust. Her estate sold her house and the money will pay off estate debts and be split among 2 beneficiaries. Does the estate report the sale and issue K-1s to the… read more
Lev
Lev
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Mom died 4/11/19, we (4 siblings) sold her house on 9/25/19.
Mom died 4/11/19, we (4 siblings) sold her house on 9/25/19. She received a 1099-S for the sales. How do we report the sale?… read more
emc011075
emc011075
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My grandmother recently passed away at the age of 101 and my
My grandmother recently passed away at the age of 101 and my Mom and Uncle were on a Living Trust for her property. They recently sold the house and split it equally. … read more
Lev
Lev
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I have a question about proceeds distributed from the sale
Hello, I have a question about proceeds distributed from the sale of a house in a trust … read more
Lev
Lev
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Is money inherited from a trust taxed? The money would be
Is money inherited from a trust taxed? JA: Have you talked to a tax professional about this? Customer: no JA: Anything else you want the Accountant to know before I connect you? Customer: the money wo… read more
emc011075
emc011075
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Looking through the attorney's accounting for a trust. There
Looking through the attorney's accounting for a trust. There was a decedent's real estate property as assets to be sole and proceeds to be distributed. The accounting shows the following Appraised Val… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
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I received a distribution from a real estate trust as a
Hi, I received a distribution from a real estate trust as a beneficiary because the trust sold the only property it held. The trust is a revocable trust that must distribute proceeds from the sale of … read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
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My mother died in 2014, and she left her house to me and my
My mother died in 2014, and she left her house to me and my brother. Subsequently we sold it in 2015. We sold it at the fair market value of the home according to the real estate people Do we have to … read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
7,576 satisfied customers
I am the executor of my mothers trust. I sold her house and
I am the executor of my mothers trust. I sold her house and divided the proceeds between my siblings as stated in the trust. I received a 1099-r on the full amount of the sale what do I need to do… read more
Stephen G.
Stephen G.
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I am the trustee of my late Wifes Revocable Trust. The only
I am the trustee of my late Wife's Revocable Trust. The only asset is a condo. If the condo is sold, will it be treated as a capital gain for federal income tax purposes? Is the rate 15% of the gain?… read more
Lev
Lev
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Last will and testament written in October 1986, and he died
Last will and testament written in October 1986, and he died in 1989. Fiduciary Entity was created on October 2, 1989 with 2 beneficiaries, son, age 36 in 1989 and 8 year old daughter, spilt everythin… read more
Stephen G.
Stephen G.
Sr Financial & Tax Consultant
Bachelor's Degree
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My mother died in July 2010. Her house was place in a living
My mother died in July 2010. Her house was place in a living trust before she died. The house is now about to sell for $225,000 in 2011 with the proceeds to be divided among her four children. Will fe… read more
BK-CPA
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My grandmother died and left her house to my brother and I.
My grandmother died and left her house to my brother and I. It was his primary residence for 4 years.. It just sold...How do we do taxes. The title was in joint name and the state is California… read more
TaxLawyer
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My grandfather died in 2001. My step-grandmother added me
My grandfather died in 2001. My step-grandmother added me as a 1/16th owner of her house at that time as a gift. I have nothing to do with the house between 2001 and 2008 (did not pay taxes, mortgage,… read more
Merlo
Merlo
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My mother passed away in 2005. I am the sole beneficiary of ...
My mother passed away in 2005. All of her assets, including real property, were placed in a revocable trust years before her death. Her total assets were valued at less than 300K. I am the sole benefi… read more
Lev
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I own a $130,000 valued property that I would like to gift ...
I own a $130,000 valued property that I would like to gift to 5 of my children and grand children iand to my wifes mother who is 95 years old in a Florida land trust. My oldest son would be the truste… read more
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My father and I sold (in 2005) real estate from my ...
My father and I sold (in 2005) real estate from my grandmother's estate, (my father was administrator). The real estate had been appraised in 2001 for $16,500. It sold for $53,500. The development com… read more
Lev
Lev
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60,887 satisfied customers
my aunt died in nov of she had everything set up in a ...
my aunt died in nov.of 2004. She had everything set up in a trust. Most of her money was set up in annuities. Her farm and house were part of the trust. The farm and house sold in April of 2005. The p… read more
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