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Old 09-21-2003, 08:02 AM
Fishy6665
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Tax liability

FL

My sisters and I recently sold my parents home - mother and father recently deceased.
The proceeds were not deposited into the 'estate', but were given to us (the children) directly from the title company. Are we liable for any taxes on the proceeds??
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Old 09-21-2003, 12:23 PM
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Location: Catatonic State
Posts: 75,779

Re: Tax liability

Quote:
Originally posted by Fishy6665
FL

My sisters and I recently sold my parents home - mother and father recently deceased.
The proceeds were not deposited into the 'estate', but were given to us (the children) directly from the title company. Are we liable for any taxes on the proceeds??
**A: please post in the Tax Law forum.
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