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Get your taxes done using TurboTax
@Anonymous wrote:
it's the donor's responsibility to provide cost basis...
One would think that, with something like a house, the annual gift tax exclusion would be exceeded and, hopefully, a gift tax return (Form 709) would have been filed. The donor's adjusted basis should appear on that form.
‎November 25, 2019
10:06 AM
2,130 Views