Here is my question:My Grandfather (who passed away last week) bought some land in the "country" back in the 70's. A few years ago he put the property in both of our names.What do I do now?Also, if I want to sell it, or a portion of it, how will the tax from the sale be figured? From the time my name was added to the deed? From the date he died?He told me I could sell the land anytime I wanted to after he put my name on it, but he loved going out there to "tinker around". I couldn't sell it then & I really don't want to sell it now but it isn't a good piece of property to build & really only good for hunting or "tinkering around". I do hunt there (a lot), but it isn't fair to my wife & kids to keep the property, they don't use it and we could use the money for college, retirement investing...I would appreciate it if someone could get me started in the right direction.ThanksTom (in Michigan, if it make a difference)
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