how to report inheritance to the irs

How to Report Inheritance to the IRS: A Step-by-Step Guide

Receiving an inheritance can feel like winning the lottery; suddenly, you have assets that weren’t in your bank account yesterday. But with great power comes great responsibility, and part of that responsibility is figuring out how to report inheritance to the IRS in 2024. This guide walks you through the process, ensuring you stay on … Continued
can an executor rent out a property before probate is granted

Can an Executor Rent Out a Property Before Probate Is Granted?

Imagine receiving a call that you’ve just inherited a house. However, the legal processes aren’t complete. This scenario places many executors in a tight spot, raising the question: can an executor rent out a property before probate is granted? While dealing with the emotional weight of a loved one’s passing, executors must also navigate the … Continued
capital gains tax on inherited property

A Guide to Understanding the Capital Gains Tax on Inherited Property

You inherited property recently, and are trying to figure out the tax ramifications. How long do you need to hold it before selling? What are capital gains tax on inherited property? Today we’re diving into the answers for these questions, and offering clear, actionable insights into demystifying this aspect of your inheritance! Basics of Inherited … Continued
how to buy out a sibling on shared property

How to Buy Out a Sibling on Shared Property

Inheriting or sharing property with siblings can turn from a blessing into a tricky and emotional situation. This is especially true when there are issues of ownership. So what do you do if you want to know how to buy out a sibling on shared property? Today we’re answering that question, and diving into the … Continued
inheriting a house

Inheriting a House: Should You Keep, Sell, or Rent Out the Property

Inheriting a house can feel like a bolt from the blue. One moment, you’re navigating your everyday routine, and the next, you’re thrust into the role of property manager. And this is complete with decisions about maintenance, taxes, and the future of this unexpected asset. This twist of fate propels you into unfamiliar territory, laden … Continued
probate administration

Understanding the Basics of Probate Administration

When a loved one dies, there are often complex legal challenges you’ll need to deal with. But what happens with major assets like real estate? The answer is probate. Understanding probate administration is the first step toward turning a complex situation into a manageable one. Read on as we dive into the details of probate … Continued
what is a probate sale

What Is a Probate Sale in Real Estate?

You’re looking to buy a new home, and you’ve heard about the potential benefits of buying from a probate sale. But unless you’ve been through that process before, it’s likely a foreign concept. So… what is a probate sale? Today we’re diving into the probate sale process. We’ll offer you a clear path through the … Continued
can you live in a house during probate

Can You Live In a House During Probate?

When someone passes away, they leave behind more than memories-they leave a legacy, often in the form of property. One of the most significant and personal pieces of this legacy is their home. But what happens to this home when it enters the realm of probate? Probate-a word that often conjures up images of legal … Continued
best neighborhoods in pittsburgh for families

The Best Neighborhoods in Pittsburgh for Families 2024

You’re looking to find the perfect Pittsburgh neighborhood for your family. But with so many to choose from, it can be tricky to figure out which would work best. We’ve got you covered. Today we’re navigating the best neighborhoods in Pittsburgh for families, helping you find that perfect place where memories will be made and … Continued
housing market pittsburgh

An Overview of the 2024 Housing Market in Pittsburgh

Did you know that real estate markets can change every day? In most cases, the changes are small enough that you won’t notice them. Over time, these shifts can affect how you approach selling or buying a home. Because of the regular changes, it’s important to stay up to date with predictions every new year. What … Continued
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