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Deductions & credits
I would say that you can add the buyout cost to your adjusted basis if you paid a fair price that was similar to (or less than) what you would have paid if the house was co-inherited by an unrelated person. If you paid more than a fair price to your siblings, it could get a bit complicated, but I am not an expert in that area.
‎April 27, 2024
11:28 PM
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