rbynaker
Level 13
01-22-2020
06:08 PM
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@IRonMaN wrote:
So mom moved out and upon doing so gave the house to son? You then have potential capital gains based on selling price less mom's basis, closing costs, and any money son put into the house.
I'm sure it'll be easy enough to get Mom's basis off of the Gift Tax Return she must have filed for 2018, right?