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 Levine, Jacobs & Company, LLC, Senior Member Offers Tax Guidance Upon Selling Home Of Deceased Relative- Levine, Jacobs & Company, LLC, Senior Member Offers Tax Guidance Upon Selling Home Of Deceased Relative
- August 17, 2022
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Michael H. Karu, CPA/CFF clarifies how to handle taxes after sale of deceased relative real estate.
Michael H. Karu, CPA/CFF, Member, Levine, Jacobs & Company, LLC., was highlighted on NJ.com where he discussed handling taxes after the sale of a deceased relative’s home.
In the event of a decedent's real estate being sold, it’s important to consider whether the property is sold by the estate or has been transferred by the beneficiaries. “The profit is calculated based on the difference between the selling price and the cost basis,” Karu said.
In addition, he elaborated, “The cost bas...
- View more at: https://www.1888pressrelease.com/levine-jacobs-company-llc-senior-member-offers-tax-guid-pr-711428.html
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