Real Estate Sale Complex Issue-NEED HELP

[DANRVAN]

18 minutes ago, artp said:

After the tax settlement from his brothers his share was $34,731 less $6636 for attorney fees a net of $28,095.

It is still not clear.  So there were additional unpaid taxes after the sale?  And brother A paid them?

Were the legal fees incurred by the brothers?

[artp]

22 hours ago, DANRVAN said:

 

So there was cash paid above what was owed to the county for taxes and legal fees.

How much did brother A actually receive from the court ordered sale?

i have attached my summary of these transactions to clarify. The results of the partition sale I think are correct but I am not sure about the presentation on the sale to the unrelated party in Nov. Please offer your thoughts. 

TAX CALCULATION Sale of Property 11102023.xlsx

[artp]

21 hours ago, DANRVAN said:

It is still not clear.  So there were additional unpaid taxes after the sale?  And brother A paid them?

Were the legal fees incurred by the brothers?

Brother A had always paid his share of the taxes each year.  The other brothers did not. As part of the escrow settlement their share of the taxes was credited back to A when the funds were dispersed. There were substantial legal fees as show on the spreadsheet.

[DANRVAN]

On 2/29/2024 at 8:32 AM, artp said:

their share of the taxes was credited back to A when the funds were dispersed.

This is still not clear.  How was the $79,000 accounted for?

I think you have stated 19,908 for legal fees;  back taxes of 8,398; amount paid to older brother 28,095.  Based on that, where did the remaining 22,599 go?

Who incurred the legal fees?   The county or the brothers?

Were there additional taxes that brother paid  and was credited for?

This is not a typical settlement statement since one party is both a buyer and seller,  so you really need to look at the substance of the transaction.