paloma625
New Member

Investors & landlords

Thanks, that's very helpful. My husband's father purchased the property 30 years ago and put the title in the name of my husband and husband's two siblings when they were children. If 30 years ago the apartment was $30k and it's now $130k, so his share of the "gain" would be $33k. Does that still apply even though the apartment was essentially gifted to him and his siblings as children? There father is alive, so it wasn't inherited.