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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
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My mother put the kids on the deed of the last house she
my mother put the kids on the deed of the last house she owned and had a life estate. She passed in 2013. we sold the house last year. Everything I see indicates to me that we do not have to report th… read more
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My mother passed in 12 2014. The home was our 3 siblings
My mother passed in 12 2014. The home was our 3 siblings name. The property was sold after her death and we each received $75k. The attorney that did the closing sent me a 1099S form. Do we pay taxes … read more
emc011075
emc011075
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Before my Dad past last November he stated he wanted his 3
Before my Dad past last November he stated he wanted his 3 kids to sell his home in Colorado and split the funds. My Mother is still with us and lives in my rent home here in Texas. We just sold the h… read more
Lev
Lev
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In 2001 my mother purchased a home in Arizona and added my name to the Deed. It was title
In 2001 my mother purchased a home in Arizona and added my name to the Deed. It was titled joint tenants with rights of survivorship. She died recently. I never lived in the home. What kind of federal… read more
Lane
Lane
JD, MBA, CFP, CRPS
Doctoral Degree
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I have a question regarding gift taxes for foreign spouses. My
I have a question regarding gift taxes for foreign spouses. My parents are Canadian Citizens and nonresident aliens to the U.S. In March, my father bought a new house in San Jose. He is listed as the … read more
socrateaser
socrateaser
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My mother died on Sept 30 2011. Deed in my name, but superseded
My mother died on Sept 30' 2011. Deed in my name, but superseded by revocable trust of which there was no record. House purchased in 1987 for $69,500. Title issue arose when 3 weeks after her death, t… read more
Lev
Lev
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In 2003, my mother-in-law bought a house and put my husbands
In 2003, my mother-in-law bought a house and put my husband's and my brother-in-law's names on the title, rather than her own. In 2011, the house was sold, and my husband recieved 50% of the proceeds.… read more
Stephen G.
Stephen G.
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My father died in 2010. My mother is a ward of the state of
My father died in 2010. My mother is a ward of the state of Wisconsin and in a nursing home with late stage of Alzheimer's. Their home was sold in 2011 ("the estate of .....") per an attorney. The pro… read more
Stephen G.
Stephen G.
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Bachelor's Degree
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I recently had my deceased mothers home sold at auction.
I recently had my deceased mother's home sold at auction. I held a survivor's deed with hers and my name on it. Will I have to pay taxes on this and if so what percentage will I pay?… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My mother put her house in my name 20 years ago (19007, Pa.)
My mother put her house in my name 20 years ago (19007, Pa.) to be held in trust for my sister (Not good with money). Our Mother has passed. and my Sister now wishes to sell and has a buyer. She has p… read more
Lev
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Hi, here is my question. My wife and I purchased a 5 acre tract
Hi, here is my question. My wife and I purchased a 5 acre tract of land about two years ago on a land contract deal through the owner , we have a purchase agreement in our names. A little over a year … read more
Merlo
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I purchased a house in 1994 for $54000 my mother and father ...
I purchased a house in 1994 for $54000 my mother and father went on the loan to help me qualify.I made all the payments to the mortgage company payed all the taxes and ins,and had it homesteaded in Te… read more
Lev
Lev
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my mom could not afford to pay for her house any ...
my mom could not afford to pay for her house any longer since she lost her job. So my husband and i sold our house and moved in with my mom and redid the loan in our names to get a better rate etc. Th… read more
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In 2005 my sick elderly mother transferred title of her ...
In 2005 my sick elderly mother transferred title of her home to me, her only child. The deed was changed to show my name and my mothers name with a life estate. A price of $100 was listed as the cost … read more
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In 1990 my mother bought a condo for $55,000. She ...
In 1990 my mother bought a condo for $55,000. She could not get a mortgage so my sister got the mortgage in her name (my sisters name). My mother put the downpayment and has made all mortgage payments… read more
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My step-father lived in my mothers home after she ...
My step-father lived in my mother's home after she died (per her will) at his death the home was left to the four children. During this time our step-father mortgaged the property. At his death the mo… read more
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My father died last year, leaving the house to my mother, ...
My father died last year, leaving the house to my mother, which they owned as tenants by the entirety. They purchase the house in 1969 for $19,000. My mother wants to sell the house and received an of… read more
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