Comps from real-estate, Selling cost was Mortgage + settlement charges + repairs. Heirs stayed in house during this time attending school.I will double check tu...
Sale was 146,500 cost basis fmv 135,000 + expenses 91,820 equals loss of 80,320.Actual net cash proceeds were 54,770 which were distributed to three heirs. Unde...
According to turbo tax calculation, it was a loss given the adjusted basis and other cost.Net proceeds were distributed to three heirs according to deceased wil...