- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The home sale exclusion does not apply in this instance.
Rather, the gain (loss) would be measured by the difference between the sales price (less selling expenses) and the basis (typically the fair market value on the date of death of the decedent, your aunt).
See I.R.C §1014
November 16, 2022
10:52 AM