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Question Regarding House Basis
Is there a way you can get a new house basis before or after a divorce? For example, one spouse stays in the house and buys out half of the appraised house value from the other house. Can the original basis be raised since technically the person is selling his/her part of the house.
Is there a way you can get a new house basis before or after a divorce? For example, one spouse stays in the house and buys out half of the appraised house value from the other house. Can the original basis be raised since technically the person is selling his/her part of the house.
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