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Thank you, Heather!</div>
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Jeff Winter</div>
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<div id="divRplyFwdMsg" dir="ltr"><font face="Calibri, sans-serif" style="font-size:11pt" color="#000000"><b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com> on behalf of Heather deVrieze <heatherd@westseattlelaw.com><br>
<b>Sent:</b> Tuesday, June 19, 2018 4:38 PM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> Re: [WSBAPT] REETA implications?</font>
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The short answer is YES. Tax due for any monies changing hands. The REETA should reflect “part inheritance” and “part sale” show the consideration and pay tax on that.</p>
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Heather</p>
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<span style="font-size:16.0pt; font-family:"Vladimir Script"; color:#1F497D">Heather S. de Vrieze</span><b><span style="font-size:16.0pt; color:#1F497D"><br>
</span></b><i><span style="font-family:"Garamond",serif; color:#1F497D">Attorney-at-Law</span></i></p>
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<i><span style="font-family:"Garamond",serif; color:#1F497D"><img width="189" height="105" id="x__x0000_i1026" alt="cid:image001.jpg@01D013C2.30F35160" style="width: 1.9701in; height: auto; max-width: 100%;" data-outlook-trace="F:1|T:1" src="cid:image003.jpg@01D407EC.020279E0"></span></i><i><span style="font-size:12.0pt; font-family:"Garamond",serif; color:#1F497D"></span></i></p>
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<span style="font-size:10.0pt; font-family:Nyala; color:#44524E">3909 California Avenue SW</span></p>
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<span style="font-size:10.0pt; font-family:Nyala; color:#44524E">Seattle, WA 98116-3705
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<span style="font-size:10.0pt; font-family:Nyala; color:#44524E">(206)938-5500 </span>
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<a href="mailto:heatherd@westseattlelaw.com"><span style="font-size:10.0pt; font-family:Nyala; color:#44524E">heatherd@westseattlelaw.com</span></a><span style="font-size:10.0pt; font-family:Nyala; color:#44524E">
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<b><span style="font-size:9.0pt; font-family:"Arial",sans-serif; color:#002E8A">Click here to connect with de Vrieze | Carney on Facebook:
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<b>From:</b> wsbapt-bounces@lists.wsbarppt.com <wsbapt-bounces@lists.wsbarppt.com>
<b>On Behalf Of </b>jeffrey winter<br>
<b>Sent:</b> Tuesday, June 19, 2018 4:13 PM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] REETA implications?</p>
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<span style="font-size:12.0pt; color:black">Listmates,</span></p>
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<span style="font-size:12.0pt; color:black">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.</span></p>
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<span style="font-size:12.0pt; color:black">If the three enter into a TEDRA agreement that provides for this transaction, will there nevertheless be excise tax due if money changes hands?</span></p>
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<span style="font-size:12.0pt; color:black">Thanks in advance,</span></p>
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<span style="font-size:12.0pt; color:black">Jeff Winter</span></p>
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<span style="font-size:12.0pt; color:black">Jeffrey D. Winter, P.S.</span></p>
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<span style="font-size:12.0pt; color:black">604 N. Main Street</span></p>
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<span style="font-size:12.0pt; color:black">Ellensburg, WA 98926</span></p>
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