calculate the profit for a quitclaim deed

Life2023 · Oct 14, 2023 7:45:49 AM

<P>How do you calculate the profit/gift from a house's quitclaim deed after you sell the house for income tax purpose ? If the giver of the quitclaim deed only paid 25% of the total mortgage cost and 50% of the down payment? Thank you,</P><P> </P>

torrescharfauros

Level 1

Can this problem and solution be pushed further beyond here to fix a software issue that was provided to me by long-time Turbotax customer, Mr. Walter R. Niessen?

in Get your taxes done using TurboTax

kfsj

Returning Member

Out of state income/taxes

in State tax filing

SK55

New Member

SIMPLE IRA match for self employed

in Retirement tax questions

gehlinger

New Member

Does anyone have a fix for selling your home and it's not calculating the tax free profit? I made approximately $200K, but it's saying I don't qualify?

in Deductions & credits

MoMoneyMoMoneyMoMoney

Level 2

Home Office Deduction

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