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Business & farm
If by putting you on the deed, she in effect gave you 50% of the home, then you would need to put both 50% of the adjusted basis (cost plus improvements) and 50% of the Fair Market Value when asked for these amounts.
It all depends what the two of you understand to be the end result of her adding you.
‎February 1, 2021
7:36 AM
1,191 Views