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Do I have to pay Capital Gains on my mom's house? She put my name on it in 1994, and passed away in 2013 and I then inherited it.
Would the basis be what the property was worth in 1994, or 2013 when she passed away? I am the sole inheritor and haven't lived in the house for over 30 years. How do I report this on my taxes?
May 31, 2019
6:08 PM