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Personal Finance and Investing

LakeArenal

(29,850 posts)

8. Two of my spouse's siblings bought the family cabin for fair market value

Reply to 3Hotdogs (Original post)

Mon Dec 14, 2020, 08:08 PM

Dec 2020

At that time it was $42000. By the time both parents died it was worth much more.
However, their cash inheritance was minus $42000.

Five other siblings were fine with that and can still use the cabin anytime we want.

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Fair price sell house to daughter? [View all] 3Hotdogs Dec 2020 OP

Anything More Than 20% Below Appraisal Is Risky sfstaxprep Dec 2020 #1

How about going on Zillow or Realtor.com and see other comparable homes..Look and see mitch96 Dec 2020 #3

Zillow & Realtor.Com Are Famously Unreliable At Times sfstaxprep Dec 2020 #6

Unreliable, yes and they have a section where you can see "sold home" and get those prices. mitch96 Dec 2020 #7

sell it at the fair market price. it will go up in value for them over time nt msongs Dec 2020 #2

Don't Forget About The Annual Gift Allowance sfstaxprep Dec 2020 #4

Not enough info FBaggins Dec 2020 #5

Two of my spouse's siblings bought the family cabin for fair market value LakeArenal Dec 2020 #8

Daughter stays upstairs, rent out downstairs... turtleblossom Dec 2020 #9

You can decide what's fair Cicada Dec 2020 #10