- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The property was given to me in 2012. I did not know it had to be reported to irs so no forms were filed at that time; The property value was listed in the formal agreement. No improvements were made to the property and it was kept vacant awaiting possibility of my father moving in there. After my father passed last year, I was free to finally sell it. The property was in Poland. I did not have to pay any taxes there, since it was a gift and I kept it long enough to qualify for exemption.
March 31, 2024
8:54 PM