My Mom transferred 50% share of her principal residence to me as a gift. On her principal residence designation, is it correct that the ACB is 50% share of the original purchase price and the proceeds of disposition is 50% share of the FMV ?
Yes, that should be ok.
HikingBasher70
New Member
rms1956
New Member
bheans-gmail-com
New Member
rhung_99_c
New Member
imsigal
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.