gift basis vs inherited basis
Post on 15-Jul-2015
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Situation• My parents passed away and I now own their home.
• I want to sell it.
• Will I owe taxes?
Summary• Inherited basis is different from
• Gifted basis and also different from
• Blended basis
*** DISCLAIMER ***Taxes suck and there is always another answer. Consult a professional to find out how this information applies to you.
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