Correct. This is her trust. Let's say her and her husband bought the house for $100K. So technically at the time of purchase, they each own $50K. Later, they tr...
Her and her husband bought the house together in 1964. When it was later transferred into the trust, I am curious if she is able to now effectively own 100% of ...
I'm more so concerned if her basis is 50% of the home or 100% since it was jointly owned with her husband before the transfer into the trust. Does that make sen...
