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Get your taxes done using TurboTax
If transfer on death (TOD) deeds are valid in the state and you are the sole beneficiary, then you acquired the property on the date of her death and your basis should be the fair market value of the property on that date.
If you happen to sell the property for more than your basis, you will have a capital gain.
‎April 24, 2024
1:36 PM