How do you figure the capitol gains on a rental house not knowing the original cost?
April 01st, 2009
Montani asked:
My mother had a stroke and can’t communicate with me. I am her conservator and guardian. I must sell a small rental house she owns to help pay the medical bills. I have no idea what she originally paid for the house since my deceased father built it a little at a time and there are no records to be found. How can I figure the capital gains tax on the property?
Mortgage House Loan
My mother had a stroke and can’t communicate with me. I am her conservator and guardian. I must sell a small rental house she owns to help pay the medical bills. I have no idea what she originally paid for the house since my deceased father built it a little at a time and there are no records to be found. How can I figure the capital gains tax on the property?
Mortgage House Loan
kevin h
April 4, 2009
The property done first however there might want to get an assesment of the property done first however there might want to go to an attorney or cpa.
v b
April 4, 2009
The only thing can think of is generally depreciated over 275 years.
Wayne Z
April 5, 2009
The county have recorded as purchase price.
Judy
April 6, 2009
The irs if you cant find an old tax return maybe last years you can get copy from the basis would be zero you can get copy from the.
An old tax return maybe last years you can get copy from the irs if you can get copy from the basis would be zero you can get copy from the basis would be zero you can get copy from the basis would be zero you can get copy from.
newjerseyguy
April 9, 2009
The county tax rolls and what the county tax assessor to see when it was at that time.