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Deductions & credits
We also inherited a house 5 years ago that was sold in 2014. My mother is still living but it was deeded to us 5 years ago. Would the basis be the fmv at the time the property was deeded to us or will it be $0 because we did not pay for the property?
‎June 7, 2019
2:56 PM
87,681 Views