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Aug 26th, 2008, 10:30 AM
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#1 |
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Junior Member
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Aug 27th, 2008 09:51 AM Join Date: Aug 2008
Posts: 2
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Land in a father son deed
My father has land set up with his and my name on the deed. It is his for his life time and then it transfers to me after his passing. My question is will I have to pay inheritance taxes on the property after his passing, the land is in Nebraska and he is a resident there? I'm a Texas resident? Are there any Texas, Federal, or Nebraska requirements or implications? Should I have any concerns? Thanks for your advice.
Kent |
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Aug 27th, 2008, 09:03 AM
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#2 |
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Top Level Member
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Nov 29th, 2008 01:05 PM Join Date: Mar 2008
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Re: Land in a father son deed
Hi--we normally do not give specific tax advice on this site; you may check with the IRS directly; or your accountant; or the H & R Block web site for 20 dollars: HR Block Tax Advisor link --
H&R Block Ask a Tax Advisor | Do your Income Taxes with Help from an H&R Block Tax Professional |
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Aug 27th, 2008, 09:49 AM
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#3 |
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Junior Member
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Aug 27th, 2008 09:51 AM Join Date: Aug 2008
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Re: Land in a father son deed
Thanks for the advice, I appreciate the help.
Kent |
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