barfiear
New Member

Investors & landlords

Found it.  A promissory Letter was issued July 2000, and then the debt was forgiven, part to me, part to my husband, each year until January 2003.  Deed for property dated May 16, 2000, for sum of $ 10.00.  So basis would be the land at $ 50,000, and the house at actual cost (I haven't calculated exactly but estimate $ 150,000.00