BobKamman
Level 15
04-05-2023
11:44 AM
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@qbteachmt Basis at the point of transfer, or basis at that point less all the depreciation Mom has taken since then, even though she didn't own the property?
@chiodoinc Unfortunately, this is not an unusual situation. The wealthy try to avoid probate with trusts. The poor try to avoid it by quickly recording quitclaim deeds.