mgawro01
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That is correct. He quit claimed the property to me and continued to live there until his death. The thought being I could just sell the house upon his death wi...
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I think I like your answer the best. You are saying that the stepped up basis would be the value of the time of his death in 2023?
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Thanks for all of the great information. Since they purchased the house in 1964 ($13,500) determining the correct cost basis will make a big difference in the a...
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One last question on using 50% of my parents original cost basis. Can I add cost of any improvements to their original cost basis (new roof, HVAC, etc) or just ...
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Both My Dads and Moms name were on the original deed when they purchased the house (both listed as Grantee). When my Mom passed we filed a quit claim deed to re...
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