If a spouse dies & 8 years later, you sell the vacation home that you built. Do you file as purchase or inheritance & do you use cost basis or actual cost?

terri-mcguire · ‎June 4, 2019

I purchased property and built a vacation home. My spouse died in 2010. We are a community state so I became sole owner. I sold the home in 2018 and need to claim. Do I claim as purchase with costs, or inheritance with an adjusted value on value of home in 2010?

If a spouse dies &amp; 8 years later, you sell the vacation home that you built. Do you file as purchase or inheritance &amp; do you use cost basis or actual cost?

If a spouse dies & 8 years later, you sell the vacation home that you built. Do you file as purchase or inheritance & do you use cost basis or actual cost?