G
garysoldcars
Guest
What is the name of your state? Ca
My Mother quitdeeded her house to my sister and brother in 1997. Now we found her will which said she wanted the house split in 3 ways. The question is if we sell the house for approx $375.000.00 (free and clear) and split it 3 ways at $125,000.00, would I have to pay capitol gains on my share if I am not on title?
Or should I be added to the title before the sale?
Any information would really be appreciated.
Thanks Gary
My Mother quitdeeded her house to my sister and brother in 1997. Now we found her will which said she wanted the house split in 3 ways. The question is if we sell the house for approx $375.000.00 (free and clear) and split it 3 ways at $125,000.00, would I have to pay capitol gains on my share if I am not on title?
Or should I be added to the title before the sale?
Any information would really be appreciated.
Thanks Gary