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Ok, understood. So, original cost is divided between both parties as well?
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Is this reportable: Father co-signed on a loan for his son for building lot. Two years later son sold the property for profit. Father never paid any money towar...
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Another question regarding this sale. How do I handle the cost basis? Father only co-signed on the account and no money put down, yet attorney said he was entit...
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Father co-signed on property with son on undeveloped property 3 years ago. Property was sold this year. Property was purchased for 45000 and sold for 132000. Fa...
