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cintrix

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cintrix

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Re: None

Sunday, 08/30/2009 8:57:26 PM

Sunday, August 30, 2009 8:57:26 PM

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How does taxing work in a Life Estate situation? A house that was once owned by a person is put in a Life Estate - the elderly person's name, and three of her children. The house gets rented. Who is supposed to report the income? The person who the Life Estate is named for or the children, or all four?
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