Question: I inherited lake shore property (vacant land–no house) that I am now selling. How do I figure the capital gains on the sale? Response: The capital gain will be the difference [...]

Question: My mother passed away two years ago and she left her husband a life estate in their primary residence via her Living Trust. The trust designated my sister as the trustee after my [...]

Question: My mother has quitclaimed the deed of her house to me while retaining a life-use interest. There may be a future potential to sell the house prior to her death if she wants or needs to [...]