Should he get the aid of a local tax lawyer or tax CPA (I presume it should be local) to help him with this sale? Or would a local real estate broker do?Step one would be your wife hiring someone to explain things to her, including the effect of the gift. She no doubt skipped filing a gift tax return. That advisor also could explain to her (she could pass it along to your son) what "disregarded entity" means with respect to taxes and LLC's.What a mess!PhilRule Your Retirement Home Fool
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