barb4
Level 2

The daughter paid all costs the last two years and in the first two years she paid utilities.  The first two years the mother paid the mortgage payment and any upgrades to the townhome such as granite countertops and she paid fix up costs right before it sold. 

The mother did expect to be paid back for the upgrades and fix up costs when the townhome sold so not really a gift.  

Then with that line of thinking the mother would have to pay taxes on her 50% of ownership.  Correct?

 

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