What is basis of home sold for $ 1 to child. Home sold for $ 220,000, can annual gift amount and expense of sale be written off proceeds? Thank you. - Intuit Accountants Community

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What is basis of home sold for $ 1 to child. Home sold for $ 220,000, can annual gift amount and expense of sale be written off proceeds? Thank you.

grossie

Level 5

‎12-06-2019 11:29 PM

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