WITAXLADY Posted October 10, 2022 Report Share Posted October 10, 2022 one sibling took all the property and paid his sister $$$$ for it. They agreed to $640,000 each but his property from stepped up basis is worth $900,000. Do I sell the equipment and property for the $640,000? to get it out of the Estate? And that then creates a nol? And a capital loss to Cf on the K-1's. Distribution is considered 1,280,000 as there was cash also - he paid the difference put of his pocket to her. Thank you Quote Link to comment Share on other sites More sharing options...
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