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  • 1.  Real Estate - Full Value vs. Received Proceeds

    Posted 3 days ago

    We were named as the sole beneficiary of an estate that included her primary home.  What can we book as the value of the gift: the full value of the home sale, or the proceeds of the sale, which includes real estate and legal fees?



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    Allison Barry
    Marist University
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  • 2.  RE: Real Estate - Full Value vs. Received Proceeds

    Posted 3 days ago
    The value of the estate as of the date of death or, more customarily, the date the estate was released. So, generally, the value of all assets before they were sold, unless the will required the sale of the assets, and for you to receive the cash.

    Treat this mostly like any other donation of real property. See the CASE Standards for further guidance!

    John

    John H. Taylor, Principal
    John H. Taylor Consulting, LLC
    2604 Sevier Street
    Durham, NC     27705

    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


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