Siblings fear capital gains tax on inherited home
How selling price, occupancy rules factor in
By Benny Kass, Monday, November 5, 2007.DEAR BENNY: My mother passed away in June leaving her home (which she owned free and clear and is located in Northern California) in equal shares to me and my two siblings. My brother is the executor of the estate and has petitioned the court to open probate.
However, before we get too far along in the process I thought we should get answers to some of our concerns about inheriting and possibly selling the house.
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