re: General Information for handling deceased parents estate.

quote:

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After my mom passed away my sister and I put our name on everything my dad owns so it doesn’t have to go through probate. We did a quit claim deed for houses.

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I think you might’ve bought yourself a huge tax bill when you go to sell this, your basis will be whatever he originally paid. If he’d died the owner, you’d get a stepped up basis to what it was when he died.