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Deductions & credits
My first question is how were you added to the Deed? If your mother used a "Life estate" the house would be treated as inherited on the date of her death and would probably show no gain on the sale. Your basis would be the fair Market Value on that date.
If you are unsure, ask the attorney she used to add you, or ask the Title Company that handled the sale.
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‎April 8, 2025
8:03 PM