mptax
Level 1

I've been trying to get some information from a lawyer in NY where the property is situated but so far no response.  From what I've read, there are 2 separate forms of ownership.  The Lifetime Owners and the Remainder Owners. .The later may only become owners upon death of the last to die of the Life Tenant Owners.  Was hoping someone in this community might know more about how IRS treats this situation.

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