Share Of Apt. Building And Capital Gains Tax
My mother has a 12% share in an apartment building she inherited from a relative. Her share is part of a LLC partnership. The managers of the property received an offer from someone to buy the building and has contacted all the partners about selling, which probably will happen. My question is how can we handle the capital gains she will certainly have from this sale (my mother is 75 and it was her uncle who bought into this a long time ago)? Or is our only option to just pay it, however much it will be? Thanks for any help.
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