Community
:
Discussions
:
Taxes
:
Deductions & credits
:
Re: My siblings and I inherited a small house and I ended up buying them out for a total of $6,000. I renovated the house and sold it. Can I add the $6,000 to calculate FMV?
M-MTax
Level 12
Mark as New
Bookmark
Subscribe
Subscribe to RSS Feed
Permalink
Print
Report Inappropriate Content
Deductions & credits
Can I add the $6,000 to calculate FMV?
Yeah, the $6,000 would be added to your basis.
‎April 27, 2024
11:38 AM
