California Society of CPAs / Estate Planning / CalCPA Discussion Forum / Sale of Residence within Estate / Latest PostsInstantForum.NET v4.1.4California Society of CPAshttp://forums.calcpa.org/forums@calcpa.orgWed, 16 May 2012 18:01:15 GMT20RE: Sale of Residence within Estatehttp://forums.calcpa.org/Topic647-2-1.aspxLisa,<br><br>Take a look at IRS Publication 559, page 16. <br><br>There is a Service Center Advice, SCA 198-012 that is narrowly applicable to New York and New Jersey. I'm not sure if this is the item John was referring to.<br><br>Bill Downs<br>Wed, 27 Aug 2008 13:44:09 GMTBillRE: Sale of Residence within Estatehttp://forums.calcpa.org/Topic647-2-1.aspxYou might start at Service Center Advice 1998-12. If you have RIA, look at para I-4512.5.Tue, 26 Aug 2008 13:33:09 GMTJohn JacobsonSale of Residence within Estatehttp://forums.calcpa.org/Topic647-2-1.aspxHi,</P><P>I have taken losses on sales of personal residences sold by an estate since inherited property becomes investment property even if not rented. I'm now trying to find law to substantiate my position and haven't found any. Any ideas?</P><P>Thank you, LisaTue, 26 Aug 2008 13:03:22 GMTlisa