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What is my tax basis on a house that burned to the ground and was rebuilt?
I bought a house in 1992. Quitclaimed it to my father in 2015. The house burned down in 2019. My father quitclaimed it back to me and my siblings shortly after the fire. In 2021, the house reconstruction was completed. The house was sold in 2023.
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March 16, 2024
8:17 AM