QUESTION
What do I need to do tax wise if I'm selling my deceased parents home
Asked on Aug 07th, 2017 on Residential Real Estate - New Jersey
More details to this question:
House appraised for 315000. My brother and I need to get rid of it and went through homevestors and sold it for 212000. What tax forms do I need to file.
1 ANSWER
2 Awards
you will need to do self executing tax waivers. This means that no tax is due, and is a document that allows the title company to give clear title. If the estate did not incur estate taxes, this is all you will need.
Answered on Sep 02nd, 2017 at 8:21 AM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship