AmyC
Expert Alumni

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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