Tax Law (Questions About Taxes)/House-joint ownership


The home I live in was in a trust between my aunt and mother. Aunt passed away. The house has had ownership transferred to me and my mother. we are listed as co-owners on the deed and tax rolls. What kind of effect will this have in regards to taxes? I have-till this point-filed my taxes 1040. Looking for some guidance/advice how to approach this years tax season

sorry for the loss of your aunt.

does mom live there too?

does the trust have provisions that you should be co-owners?  the deed and tax roll should say trust for the benefit of mom and aunt. and follow those provisions.

where the trust provisions to put you on the deed?  was the trust terminated upon aunts death?

who pays the tax?  you, mom, trust?

what else did aunt have at death?  where did it go?  do you have a copy of the trust documents?  a copy of her will?  who was the trustee?  who was her executor?  


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Tax and general business including hospitality related (hotel mgmt degree and experience in industry prior to obtaining ms tax and cpa).


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