BobKamman
Level 15

@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.  

0 Cheers