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Sale of primary residence
My deceased husband purchased a home in 1992 for $145,000. We were married in 1995. In 2018, my name was added to the deed ( joint tenants with right of survivorship ). My husband passed in 2019 and in 2020, the deed was transferred to me. I do not have the original paperwork from the initial purchase. I obtained the purchased date information from the county website. I sold the house in 2022 for $375,000, so the gain was less than $250,000. Can I use his purchase price of $145,000 for the cost basis when making those calculations? Do I have to report the sale on my 2022 Federal Income taxes?
ā€ˇFebruary 3, 2023
11:07 AM