My mother passed last year and we sold her condo shortly after. She had me on the title (in case she wasn't able to manage her affairs due to cognitive decline), so when it sold it seemed to make sense to just have it under my name.
But now I'm trying to finish our 2022 taxes and I'm working to figure out the Adjusted Cost Basis, particularly the section asking for a description of Increases to the cost of the home.
I may be reading it incorrectly, but would the current market value at the time of inheritance also be the increased cost of the home?
TIA, just trying to unravel it all.
