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Listmates,</div>
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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.</div>
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If the three enter into a TEDRA agreement that provides for this transaction, will there nevertheless be excise tax due if money changes hands?</div>
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Thanks in advance,</div>
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Jeff Winter</div>
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Jeffrey D. Winter, P.S.</div>
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604 N. Main Street</div>
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Ellensburg, WA 98926</div>
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