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Level 1
May 2, 2024
Question

A deceased taxpayer's home was sold by her trustees. is the trustee liable to pay capital gain on the sale of her home

  • May 2, 2024
  • 6 replies
  • 17 views
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    6 replies

    IRonMaN
    Level 15
    May 2, 2024

    Are the trustees the beneficiaries?

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    sjrcpa
    Level 15
    May 2, 2024

    Who owned the home on the sale date?

    The more I know the more I don’t know.
    BobKamman
    Level 15
    May 2, 2024

    Was the increase in the value of the house from the time she died until the time it was sold, greater than the expense of selling it?

    qbteachmt
    Level 15
    May 2, 2024

    Oh, let me play, too!

    "from the time she died until the time it was sold"

    What is that timeframe, and what happened with the property in between the death and the sale?

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    IRonMaN
    Level 15
    May 2, 2024

    It looks like Gofinancialtaxservices is on the go and left us all alone to keep asking questions without the possibility of getting any answers ☹

    Slava Ukraini!
    Accountant-Man
    Level 13
    May 3, 2024

    What do trustees have to do with a deceased person? Do you mean executors?

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