That's what I'm saying. The basis in property received by gift is the lesser of value or the giver's basis. In the example, your brother's basis became $180. Wh...
Was Form 8332 included in the submission? Under the tax law, the custodial parent claims the dependent unless this form is signed by the custodial parent. The d...
You'd also not qualify because your probably didn't live with them and weren't a full-time student. The ACA requirement for them to provide coverage is unrelate...
Good news, and bad news. The good news is that you will probably not have as much gain as you think. The transfer of the house to your name is a gift. Your tax ...
