SusanY1
Expert Alumni

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Since the quit claim was made prior to your mother's death, you have a gift and not an inheritance for purposes of determining your basis.  This would make the basis calculation work as described in AmyC's prior answer.  

For it to be an inheritance, it would have to pass to you through the probate process with the deed transfer done by the executor/personal representative of the estate after your mother's death.  

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