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Started By
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re: Living inheritance / estate transfer tax in Louisiana - Question
Posted on 4/5/23 at 10:04 am to VermilionTiger
Posted on 4/5/23 at 10:04 am to VermilionTiger
quote:
My father passed away 15 years ago and my mother put my name on half the house.
Now we are getting somewhere. If you sell something, you have a potential gain or loss, based on the price for which you sell it, and the cost basis of that something.
THe other posters have a great comment regarding verifying what it is you are actually selling. Are you really a co-owner of the full property, or are you a naked owner of a share of the house that you inherited from your father, and that your mother has usufruct rights over.
1
Posted on 4/5/23 at 10:26 am to LSUFanHouston
quote:
THe other posters have a great comment regarding verifying what it is you are actually selling. Are you really a co-owner of the full property, or are you a naked owner of a share of the house that you inherited from your father, and that your mother has usufruct rights over
I’ll have to find that out
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