Paul-G-328
Level 4
02-21-2022
08:51 AM
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their parents owned the house for 40 years, the father died about 10 years ago and the Mother set up the 2 daughters in Tenancy while she continued to live there. But I just talked to them and it turns out the Mother received $44,000 as a percentage of something, Im not sure what. I'll have to look into this further but the sale of the house was $250K and they each received 1099s for $125K. And at the same time the Mother received $44K. Maybe some kind of contingency, but I think I can add this to the basis.