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Cost Basis for Gifted Property
My mom gifted a piece of property to me that has been in our family for over 50 years. I "believe" the property was gifted to her and my dad from my grandparents. I sold the property in 2024.
How do I to a derive the cost basis for the property? The search of property records only goes back so far online. My parents and grandparents are deceased so I can't ask them.
‎January 28, 2025
11:41 AM