Home originally purchased and deeded to my Dad in 1949. In Nov. 1980 before Dad's passing in 1981 he quitclaimed for $1 the house to my Mother (only her name on deed at that point). With Mom's health declining my brother and I were added to the deed on her house via quitclaim in Nov. 2016. With Mom living with with me and not seeing a likely return to her home we sold her house in Dec. 2019. The sale proceeds were equally split between the three of us. I'm looking for some clarity on the progression of the basis. This was Mom's primary residence but not mine or my brother's. Mom would qualify for a partial exclusion based upon these life changes due to her health. Another wrinkle for my consideration is that there is a possibility that I may sell my home my home within the next two years.
