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Get your taxes done using TurboTax
Since your mother was still alive at the time of the sale, you have to use the IRS actuarial tables to determine any gain that would be split between you and your mom. There is no stepped up basis in this instance.
See https://www.irs.gov/retirement-plans/actuarial-tables
You cannot recognize any loss since the property was held for personal use.
‎February 6, 2022
10:16 AM