Hello, I am new to this Tax Book so hope I get everything ok. I have a client whose mother passed away in the fall of 2009. She left everthing to my client and siblings.
My question is in regards to the sale of the home mom lived in. My client and siblings have not lived in the house for many years.
I am not sure yet if the mother signed the house over to my client and siblings before she died or left to them after her death. I was looking for something in the TB as to what the basis for this property would be since my client and her brothers sold the house to a non related party in November 2009.
Any help would be greatly appreciated.
Thanks,
My question is in regards to the sale of the home mom lived in. My client and siblings have not lived in the house for many years.
I am not sure yet if the mother signed the house over to my client and siblings before she died or left to them after her death. I was looking for something in the TB as to what the basis for this property would be since my client and her brothers sold the house to a non related party in November 2009.
Any help would be greatly appreciated.
Thanks,
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