What is the name of your state (only U.S. law)? California
If my father sells his house that he intended to leave to me and my two sisters in his living trust and gives my sisters and I the money now (before he passes) is there any way to avoid being taxed for that income?
If my father sells his house that he intended to leave to me and my two sisters in his living trust and gives my sisters and I the money now (before he passes) is there any way to avoid being taxed for that income?