is this a gift. since he put my name on the deed before he passed.
You'll need to sign in or create an account to connect with an expert.
Unfortunately, placing your name on the deed is usually considered a gift. It depends on how exactly he deeded the property
To figure out the fair market value on the date of his death, you can use the following:
If the home was fully deeded to you, the basis is your father's basis in the property when he passed away.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mitchden1
Level 3
Tetiberryzzz
New Member
packfan444
New Member
taxquestion22
Returning Member
wufibugs
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.