Investors & landlords

im a still a little confused. since we sold it this pass year. again (sold it to my MOM) for $1.00

Cost of sale would be the price that you paid for the property plus the cost of any capitalized improvements (replacement roof, water heater, remodel costs).

  • this date would be from back in 2007
  • or
  • the date we sold it to my MOM in 2021

 

Date of purchase would be the date of closing of the purchase.

  • date of closed back in 2007
  • or
  • last year 2021

Date of sale is the date of closing of the sale.

  • the day the deal was closed in 2021 to my mom