- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
A gift and an inheritance are different as you are finding out. The house was sold before the father died so it will be considered a gift for tax purposes.
The basis in the home is the cost it was was to the person that gave you the house or FMV whichever is lower.
Sorry.
‎June 6, 2019
2:10 AM