Tag Archives: Real Estate
Many times when someone dies owning property in his or her name, the surviving family members do not take the necessary steps to clear title to the property. Although this is common, it can create future problems.
“Cost basis” is the term used to describe the original cost of an asset. It is used to determine the taxable gain on the sale of that asset.
When dealing with these difficult situations, there are a few things to keep in mind.