BobKamman
Level 15

@Camp1040 wrote:

Quick general rule, step up basis divided by 9, report transaction on sch.D

you know you should have a general knowledge of the stuff and save the life line of the community for the hairy stuff. Only my 2 cents.


How do we know the 9 does not include the sister, and maybe the sister's children also?  You should have a general knowledge of what to ask before a quick guess.  And it's a better question than the guy who recently asked about rolling over gain to a new primary residence.