Dancer6105
Mar 18, 2007, 03:42 PM
Hello All,
I'm the Personal Representative for my late father's estate. He had a will and I'm currently completing the Probate Court process to settle his estate. My father left me and my older sister the house in South Carolina. We both agreed to sell it and split the proceeds. My question is whether to have the house Deeded to me and my sister OR to sell it as the Personal Representative. I'm concerned about the Capital Gains Tax. The house is paid for and I just paid the property taxes a few months back. I'm hoping with the arrival of spring to sell the house soon since I live in another state. Thanks!
I'm the Personal Representative for my late father's estate. He had a will and I'm currently completing the Probate Court process to settle his estate. My father left me and my older sister the house in South Carolina. We both agreed to sell it and split the proceeds. My question is whether to have the house Deeded to me and my sister OR to sell it as the Personal Representative. I'm concerned about the Capital Gains Tax. The house is paid for and I just paid the property taxes a few months back. I'm hoping with the arrival of spring to sell the house soon since I live in another state. Thanks!