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Get your taxes done using TurboTax
Yes. You said that $30k of the equity was used for a down payment. and the loan was $120k. Both combined are the $150k basis.
Or, are you saying that the $30k of equity was also a gift and you put down $30k cash as a down payment.
ā€ˇFebruary 10, 2021
2:32 PM