TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Sold Daughter’s Home

January 18, 2012

Today TaxMama hears from Pam in the TaxQuips Forum with this problem. “My husband and I bought a house for $59.000 five years ago. Our daughter lived in the house, rent-free. Her name was on the title. We sold the house this spring for $48.000. We were