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No improvemnets. The sister lived in the house and has no issue claiming the profit since it was less than the $250,000 exclusion she will get.
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The sister lived in the house after the parents passed. The brother was not lving there at the time he moved out years before their passing.
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I would like to file a gift tax return for my client giving his sister half the value of the house before selling it. On the gift tax return his share of the va...
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That did it. thanks.