State: FL/WI
My parents had property in Fl held in a Life Estate, they were divorced last year, and the property was sold per court/divorce settlement. Are the proceeds from the sale (held in Life Estate) inheirtance or considered taxable for capital gain??? Any help would be appreciated.
My parents had property in Fl held in a Life Estate, they were divorced last year, and the property was sold per court/divorce settlement. Are the proceeds from the sale (held in Life Estate) inheirtance or considered taxable for capital gain??? Any help would be appreciated.