[WSBAPT] REETA implications?

[Eric Nelsen]

Yes, to the extent the buyer has to put in money to make the distributions even.

Sincerely,

Eric

Eric C. Nelsen
SAYRE LAW OFFICES, PLLC
1417 31st Ave South
Seattle WA  98144-3909
phone 206-625-0092
fax 206-625-9040

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of jeffrey winter
Sent: Tuesday, June 19, 2018 4:13 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] REETA implications?

Listmates,

3 kids are inheriting real estate from a parent.  Initially, they wanted to sell it, but now the brother wants to buy out his siblings' interest in the property.  There is no debt on the property.  There are some bank accounts that might be used for nonprorata distribution purposes, but it's not clear that they are enough.

If the three enter into a TEDRA agreement that provides for this transaction, will there nevertheless be excise tax due if money changes hands?

Thanks in advance,

Jeff Winter
Jeffrey D. Winter, P.S.
604 N. Main Street
Ellensburg, WA 98926
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