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
