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Get your taxes done using TurboTax
Than you, I appreciate your response.
I'm being told by a knowledgeable friend the cost basis should be established in two increments. The first increment at the passing of the first tenant, or parent, and the second at the passing of the remaining parent. Are you aware of a situation where the cost basis would be calculated in two increments?
The first parent died 20 years earlier which effectively lowers the cost basis significantly.
Thank you,
‎November 2, 2021
4:05 AM