An older man owned the home that he lived in. He wanted his nephew to have it after he died.
So in 2011, this man, the uncle, signed over the title deed of his home to his nephew.
Then the uncle continued to use the property as his primary residence. He paid the real estate taxes and other expenses related to the...
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the transfer of real estate -- primary residence
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Short Sale, Primary Residence with Rental
Taxpayer owned and lived in home for 4 years. The property had detached garage with rented apartment above. Taxpayer filed Sch E, claimed rental income, expenses, depreciation.
Property sold for large loss. Short sale. No 1099S, no 1099C.
Does the sale of the house have to be allocated in two - part sale of primary...