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Parent gifts a condo to a child, who's been living there for a number of years. Parent files a gift tax return for the value of the condo. Child sells the condo...
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Thanks for your reply but IRS has been "processing" last year's 1040X's for over a year. I have couple of clients where IRS took over a year to process and then...
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Client is being assessed a special assessment on her condo of around $20,000. The condo is a rental unit. Can the client deduct the special assessment in curren...
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Do I recognize 50% of sale on mom's return and 50% on daughter's return?
