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Updated about 4 years ago,

Eric Lane's profile image
Eric Lane's profile image
Eric Lane
Pro Member
  • Real Estate Investor
  • from Leighton, AL
  • Member since Jan 5, 2017
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User Stats

7
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14
Votes
Eric Lane's profile image
Eric Lane's profile image
Eric Lane
Pro Member
  • Real Estate Investor
  • from Leighton, AL
  • Member since Jan 5, 2017
Connect
Eric Lane
Pro Member
  • Real Estate Investor
  • Leighton, AL
14
Votes |
7
Posts
Tax, SDIRAs & Cost Segregation

Life Estate Capital Gains question

Eric Lane
Pro Member
  • Real Estate Investor
  • Leighton, AL
Posted

A 95 year old woman has 3 adjacent properties. 1 is her primary residence and the other 2 have rental houses on them. In 2012 she established a Life Estate adding her daughters as Remainders on the deeds. The woman and 2 daughters are all owners of a joint checking account. How can the women sell the 2 rental houses and pay the least if any taxes?

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