A tricky one? I inherited California property at "x" appraised value and lived there for 8 years. Then married, changed title to me and the wife (at now "y" appraised value), moved to Utah, and rented out California property. After 12 years, say, now selling California house at sale price "z."
How to figure the basis?
What paperwork is going to be different because we are Utah residents?
Thanks for any help! |