The_AntiTax_Man
Level 8
09-14-2024
05:50 PM
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@MGC94 it seems like quite a bit of gain in 6 years. There may be additional cost basis. You will have to question your client about the costs of the improvements that they made to the NJ property after it was purchased in 2017. Be sure to ask about the cost of all of the furnishings inside the NJ house that were included as part of the 2023 sale.