KrisD15
Employee Tax Expert

Get your taxes done using TurboTax

This is a question we cannot answer, you need to know how the house was deeded. 

Real Estate is governed by the state. 

Depending on HOW the deed was transferred in 2008 will determine if your basis is the value of the home in 2008, or the value of the home on the date of the parent's passing. 

 

If the value on the date of sale in 2020 is less than the value of both, 2008 and 2018, it won't matter, the sale won't be taxable income. 

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