Coleen3
Intuit Alumni

Investors & landlords

1) Suzy has a $75k basis, not 150k. Donna has a 75k basis.

2) Suzy has a $250k exclusion. Donna has none.

3) Sales price is divided in half between owners. $225k each.

4) You can make a gift to your nephews but it is not deductible. It changes nothing in regard to the house.

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