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Print Dear Liz: My mother, who will be 101 later this year, is leaving me real estate in her trust. The value of it is $4.5 million. She has other assets that will put her estate over $5 million when she passes. I currently have an offer from someone who wants to buy the real estate. Is it better for her to sell it now and reduce the value of her estate? She has never exercised the option for the one-time sale of her primary residence tax free. What are the tax implications if it remains in her estate until she passes? Answer: There’s no such thing as a one-time option to sell a home tax free. Decades ago, homeowners could defer the recognition of taxable gain if they bought another house, and homeowners 55 and older could exclude as much as $125,000 of gain. That was a one-time deal, so perhaps that’s what you’re remembering.

New yorkUnited statesEric schneidermanElise amendolaTrans unionDear lizNorth andoverNew york attorney general ericபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்எரிக் ஸ்ச்சினெதெர்மன்டிரான்ஸ் தொழிற்சங்கம்அன்பே லிஸ்வடக்கு ஆண்டோவர்புதியது யார்க் வழக்கறிஞர் ஜநரல் எரிக்