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Updated almost 8 years ago on . Most recent reply

Daniel Vieyra's profile image
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Daniel Vieyra
  • from St. John, IN
  • Member since Jul 22, 2016
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Daniel Vieyra's profile image
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Daniel Vieyra
  • from St. John, IN
  • Member since Jul 22, 2016
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Daniel Vieyra
  • St. John, IN
2
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18
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General Landlording & Rental Properties

Rental Property Basis

Daniel Vieyra
  • St. John, IN
Posted
How would one determine the basis of a rental that was gifted? I know the person receiving the property should use the giftor's adjust cost basis. However, the pervious owner did not keep good records.
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Brandon Hall's profile image
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Brandon Hall
  • CPA
  • from Raleigh, NC
  • Member since Nov 26, 2013
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Brandon Hall's profile image
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Brandon Hall
  • CPA
  • from Raleigh, NC
  • Member since Nov 26, 2013
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Brandon Hall
  • CPA
  • Raleigh, NC
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Brandon Hall
  • CPA
  • Raleigh, NC
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@Buddy Holmes looks correct to me!

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