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Investing
You said two different things.
First- spouse inherited house - that means value of the house on date owner was deceased.
Second - house was transferred to spouse - by who? what was their basis?
Non-primary is irrelevant. The sale is a sch D sale of investment. The next issue is long term or short term. Inherited is long term. Transferred - could be short or long.
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‎April 13, 2023
1:57 PM