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Re: Secondary home sale which was inherited from parent
Thank you Amy for the quick response...
Sorry for the confusion.. the property was transferred from the Parent to her child (my spouse) 5 years ago.
The Parent (mother) passed away in 2022.
In regards to the cost valuation to determine a gain or loss (long term), no record of the cost basis because the property is 60+ years old (Parent was the original owner) Suggestion on what can be used as a cost basis?
‎April 13, 2023
2:48 PM