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I just received some money that the State of Nevada has been
I just received some money that the State of Nevada has been holding for years having to do with the sale of some stock that belonged to my father's trust. I am a beneficiary. My question is will I re… read more
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If a married couple owns property as joint tenants with the
If a married couple owns property as joint tenants with the right of survivorship, and one of them dies, what will be the taxable basis of the property when it is eventually sold? I ask this because I… read more
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My parents set up a Revocable Trust that they administered
My parents set up a Revocable Trust that they administered until their deaths … read more
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R. it's about a liquidating distribution which I got (1099
hi .. it's about a liquidating distribution which I got (1099 DIV) but it's about 50% less than what I originally put in. Should I still wait for some form / how to report this? … read more
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Maybe, NY, ?? supporting evidence for waht? husband and wife
husband and wife owned s corp stock. wife dies and husband inherits wife's stock. two months later (within same tax year) all s corp assets sold at a large gain and corp liquidated. how does husband avoid depreciation recapture due to stop up in basis?… read more
Lev
Lev
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DATE : September 17, 2013 F.A.O.: JAVED IQBAL ABDULRAHMAN Nairobi,
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The decedant died in Oct 2011. As personal representative of
The decedant died in Oct 2011. As personal representative of their estate, I sold all of the stocks and bonds in 2012 and distributed the cash to the heirs. I understand that the basis of an inherited… read more
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I have stocks and Mutual funds from my deceased fathers estate
I have stocks and Mutual funds from my deceased father's estate they were all owned/titled to his revokable trust. There were also stocks in my late mothers trust. 1. I bleive the stocks in the my mot… read more
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Lev
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Good day, I lost my wife in 1/2001 and was the soul heir to
Good day, I lost my wife in 1/2001 and was the soul heir to her estate. The entire value of the estate was well below the federal exclusion limit and it went successfully through the probate court sys… read more
jgordosea
jgordosea
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My father passed away recently and I will be inheriting from
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My uncle died in Ohio, intestate, some years ago. Eventually,
My uncle died in Ohio, intestate, some years ago. Eventually, the estate lawyer (Probate?) gave my cousins and I cash and US Treasury bonds. I was under the impression that I didn't have to pay inheri… read more
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my wifes mother passed a couple of years ago and she always
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We live in Georgia. My wifes father died earlier this year.
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My father passed away in april 0f 2005. The estate tax ...
My father passed away in april 0f 2005. The estate tax return was done and the money from the estate remained in a trust. In 2006 my siblings and I liquidated the trust and spit the proceeds. I realiz… read more
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I received property through a family trust, with my being ...
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In his will, someone left $800,000 in a marital trust ...
In his will, someone left $800,000 in a marital trust for his wife. She is to receive the income for as long as she lives, and when she dies the assets in the trust go to a child by a previous marriag… read more
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I have a networth of $4 m and I am married at 44 with a 2 ...
I have a networth of $4 m and I am married at 44 with a 2 year old. My wife is not yet a U.S. citizen (candian - in process). I have a living trust with a about 2 million in assets set up before I mar… read more
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As I understand US Inheritance Law, a US Citizen inheriting ...
As I understand US Inheritance Law, a US Citizen inheriting more than $2Million must pay inheritance tax at the death of the person who willed this money to him/her. However, I am told that this limit… read more
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