Thursday, 26 March 2015

my dad passed away 10 yrs ago in ny state. in his will he andy aunt inherited at family house in nyc from my aunt when she died . wheny dad ...

Question

my dad passed away 10 yrs ago in ny state. in his will he andy aunt inherited at family house in nyc from my aunt when she died . wheny dad died he left 40% to my mom and 5 % each to me and m brother . we are selling the house but we found out my mom never probated his will 10 yrs ago will there be back taxes or a inherint tax on the property since it was transfered to us in his will



Answer

Depends on value of the house, but doubtful. There may be a tax when you sell your share.



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