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Get your taxes done using TurboTax
The Donor's Adjusted Basis of a home is the price they paid for it, plus the value of any Improvements.
In your case, your Basis was 182K, and you sold it for 182K, so no gift was given. Your son's basis is also 182K.
Here's more info from the IRS on Basis of Gift Property.
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‎April 19, 2023
5:50 PM