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Main home (A). Purchased second home (B) cash for child. Purchased condo/apartment (C) cash. Sold (B) 14 months. Child (A). How do I report on taxes?
My husband died. I became ill in my main home (A) . My child moved from another state so I purchased the second home(B) as investment with intent for child to inherit. My child could not provide the daily care I needed so I purchased a condo/apt (C) cash. I sold (B) after 14 months and gave proceeds to 2nd child but not until 2020 tax year. 1st child moved into (A) to keep in family. How do I report all these transaction or do I? Or which ones do I need to report?
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May 23, 2020
7:25 PM