Welcome Guest. Register Now!  

Ask TaxGuru » Individual » Rental Real-Estate » Buy out brother of inherited house


 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 09-15-2015, 05:05 PM
Junior Member
  
Join Date: Sep 2015
Posts: 1
Buy out brother of inherited house
Hi,

My brother and I inherited our parent’s house in Jan. 2009. I am buying him out for 1/2 the current value.

I am married and neither of us has lived in the house since we inherited it. How do I claim the house on the CA form 593-C?


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 

« Selling rental property below market value | Sale of rental property »


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
House inherited; later gifted; cost basis Pam Buffington Capital Gains 2 11-04-2014 06:09 PM
Inherited House gr8smoke Capital Gains 1 04-19-2014 10:44 AM
inherited house kfabela Rental Real-Estate 1 04-04-2012 05:26 AM
Sale of inherited house TRSUMM Capital Gains 0 04-12-2011 06:11 PM
Inherited house luvthat48 Itemized Deductions 0 01-27-2010 12:10 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
Ask TaxGuru?
 
Individual
 » Income
 » Estimated Taxes
 » Capital Gains
 » Itemized Deductions
 » IRA/Sep
 » Rental Real-Estate
 » Alternative Minimum Tax
 » Filing Requirements
 » Sole-Proprietorship
 » Medical
 » Auto Expenses
 » Social Security
 » Tax Credit
 » Depreciation
 » Divorce Tax Issues
 » Homeowner Tax
 » Multistate
 
Corporations
 » C-Corporation
 » S-Corporation
 » Limited Liability Company
 » Payroll
 » Multistate Tax Issues
 » Non-Profit Organisation
 » Trusts and Gift Tax Returns
 
Forum for CPAs
 » CPA Forums
 
Financial Planning
 » Estate Planning
 » Retirement Planning
 » Investment Strategy
 » Education Planning
 » Life Insurance
 
 » Tax News
 » Tax Calculators
 » Downloads
 » Contact Us
 
 
» Recent Tax Q&A
No Threads to Display.


Advertise - Contact Us - Ask TaxGuru - Archive - Disclaimer - Privacy Statement - Top
Copyright © 2007, AskTaxGuru.com
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.1.0