Legal Question in Real Estate Law in New York

House was originally purchased in 1963 by my mother and father. Father died in 1987 and deed was then put in my mother's name. She transferred the deed to me and my sister in 2003, but in life estate for her. Mom passed away last week. Do we have to pay capital gains tax when we sell the house? Property is in Suffolk County, New York.


Asked on 2/03/11, 11:10 am

1 Answer from Attorneys
Thomas Sirianni The Law Office of Thomas A. Sirianni

Your question would need more fact for me to be able to give you a good answer. Feel free to call me at 516-314-1343. That is my direct number and gets forwarded to my cell phone so call me anytime.

Tommy

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Answered on 2/11/11, 11:44 am


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