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Tax Law (Questions About Taxes)/receiving a house as a gift


sharon wrote at 2014-04-03 14:33:35
My case is similar.  Parents 2002, took there names off title and put five daughters on the title.  dad passed 2009 and my mom passed 12/2013.  Both continued to live in this house until they passed.  One sister just paid off four sisters and closed on the house yesterday.  What is the tax responsibility for us?  Only my parents continued to live in this home.

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Karen Brawner


I will help you with your questions regarding personal taxes and sole-proprietorships. I prefer not to answer questions regarding Coporations, Partnerships and LLC`s... Been in accounting and tax preparation field for 38 years, in business for myself in the same fields for 10 years prior to retirement due to disability.


Been in the field of bookkeeping, accounting and tax preparation for 38 years. Had my own bookkeeping and accounting firm for 10 years and then turned it over to my daughter when I became disabled.

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