itonewbie
Level 15
01-03-2021
05:47 PM
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@karteroko wrote:Thank you for the responses. Yes, they both lived in the home a their primary residence. We will send an amendment to report half the sale of the property to match the irs record. I will advice the daughter to amend her tax return to report only her half of the sale.
It's more than that. Bruce and Anna have asked some pertinent questions you still need to find the answers for. Both the mother and daughter may have been living in that home and both may be on the title but were both equal equity owners of that home?
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