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Tag Archives: parent’s property

*Tax Quips, Death, Estate Tax, Estates and Trusts, Property, Real estate, Sales and Exchanges

Estate vs Estate

Posted on October 11, 2012 by TaxMama

Today TaxMama® hears from Kelly in the TaxQuips Forum, who is confused. Let me summarize. “Kelly’s father died, leaving the house to the children. But the value is less than $5 million, so no estate tax return needs to be filed. Why do they need to file anything to report the sale of the property?”

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Posted in *Tax Quips, Death, Estate Tax, Estates and Trusts, Property, Real estate, Sales and Exchanges  |  Tagged *Tax Quips, best, Business/Finance, Death, Estate, Estate tax in the United States, fiscal follies, Free, Home, Individual Taxpayer Identification Number, Inheritance, Inheritance tax, Internal Revenue Service, IRS News, jokes, Kelly, Law, Money Funnies, parent's property, Real property law, sale of home, Tax, tax answers, tax blogger, Tax Forms, tax humor, Tax Information, tax jokes, tax podcast, tax questions, Tax return, tax tips, tax writer, Taxation in the United States, Taxes, TaxMama, terrific, top, USD Leave a comment
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