And unless your dad's estate is over $13.61 million, there will be no estate...

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Jul 8, 2024
10:43:36am

PoolBoy Starter

And unless your dad's estate is over $13.61 million, there will be no estate...

tax. Neither federal nor state since Utah follows the federal exemption amounts.

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PoolBoy

Bio page: PoolBoy
Joined: May 12, 2004
Last login: Oct 6, 2024
Total posts: 942 (2 FO)

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Messages

Author

Time

Tax issues selling real estate inherited in a trust

Jack Burton

Jul 8, 10:33am

1. My condolences on the passing of your father. 2. You do get a step-up..

PoolBoy

Jul 8, 10:40am

And unless your dad's estate is over $13.61 million, there will be no estate...

PoolBoy

Jul 8, 10:43am

With our dad’s, the escrow company just distributed the proceeds of the sale per the trust. No tax liability

valcorger

Jul 8, 10:42am

The HCBW is going through this right now with her dad’s. In this case he had liabilities that have to be paid from the

valcorger

Jul 8, 10:52am

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