Don y desarrollo, bases de la economía Gift and Development as Basis of Economy
Gift Basis vs Inherited Basis
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BASIS ISSUES January 8, 2015
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Transcript of Gift Basis vs Inherited Basis
Situation• My parents passed away and I now own their home.
• I want to sell it.
• Will I owe taxes?
Summary• Inherited basis is different from
• Gifted basis and also different from
• Blended basis
*** DISCLAIMER ***Taxes suck and there is always another answer. Consult a professional to find out how this information applies to you.