How do we get reimbursed for costs on an inherited house? | NC

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Q: If we paid mortgage, repairs, and other carrying costs on an out-of-state inherited house, how can we get reimbursed when the property is sold or bought out? A: The practical way to get reimbursed is to treat what you paid as documented carrying costs—and make sure the reimbursement is handled as a credit before the money gets split. Start by separating qualifying expenses that preserve the…