@TomD8 wrote:
If the home was acquired with a gift of equity, the user would have to factor that into the adjusted cost basis. (The gift of equity reduced his cost basis.)
Could you possibly post an example of this scenario?
I believe the confusion (stated elsewhere in this thread) might simply be the result of posters herein using different terminology (or methodology) for determining basis when property is acquired part through sale and part through gift.
