deceased co-owner
My parent own a villa in Florida.My Father die last Month.Do my mom needs to do enithing.
Wat will be hapen if she sale the property.She is not USA resident,and thy own the property for14 years.
Re: deceased co-owner
This could be rather complex. Initially, it depends on the ownership of the property i.e. together, separtely, as a company, trust, etc.
In addition, there are rather complex tax reporting requirements on property sold by a non-resident.
Finally, depending on the amount of the sale and where the proceeds will go, there may be other federal government filings required.
If you wish to discuss this further with me, e-mail me your telephone number and the best time to call you.
Sincerely,
Robert B. Roemer
Re: deceased co-owner
This could be rather complex. Initially, it depends on the ownership of the property i.e. together, separtely, as a company, trust, etc.
In addition, there are rather complex tax reporting requirements on property sold by a non-resident.
Finally, depending on the amount of the sale and where the proceeds will go, there may be other federal government filings required.
If you wish to discuss this further with me, e-mail me your telephone number and the best time to call you.
Sincerely,
Robert B. Roemer
