Get your taxes done using TurboTax

Thanks for the reply! I am reporting the sale on my tax returns. My parents gifted their home to me in 1997. According to that document, which I think is called a deed of donation of real property with a reserved life estate, my parents should retain their rights to use and occupy the property for the remainder of their lives and I should not have the right to use the property. My dad passed away in 2021, my mom is still alive and lives with me in the US. In July 2022, she signed a document stating that she was giving up on her rights to use and occupy the property for the remainder of her life. She did that so I could sell the property. In December 2023, I sold the apartment. The sale deed states my name as the seller. My mom’s name does not appear in that document, and she was not required to sign anything, so I assume I had full ownership before the sale of the property.