Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-01-2010, 11:37 AM
Junior Member
Join Date: Mar 2010
Posts: 1
Home deeded to me sold

My name was added to my mothers deed in 1999. The home was purchased in 1969. My mother passed away in 2007. Last year I sold the home. What is my basis? Is it the FMV at time of death or her adjusted basis when my name was added?

Thank you

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sold S corp, carrying debt ja25ca S-Corporation 3 01-24-2010 08:52 PM
Tax rates on stock sold? Slimmm99 Capital Gains 0 09-21-2009 02:07 PM
Sold rental on installment sale finagler Rental Real-Estate 0 09-15-2009 05:34 PM
Moved House And Sold Land libby Homeowner Tax 3 02-03-2009 05:18 AM
Bough in Dec 2006, sold in Feb 2007.. Big Loss pruthik_21 Capital Gains 0 02-04-2008 11:04 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning