jimnjana
Thinks s/he gets paid by the post
DW inherited 1/2 interest in her fathers home in January, her sister the other half. The property tax value of the home was 185K, we had a market analysis completed by a real estate agent and the CMA was 150k. We sold her portion to her sister for 70K. We really don't want to report a loss, but I think we could but not sure since we sold to a related party. any ideas?