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avatar Hi, I am Bluesbyday. I joined this community on 12th November, 2007 and have contributed 2 posts.

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jenkin7
jenkin7		 Hello Bluesbyday,As far as I know, the appraisal value of the property at the time of the quit claim will be your cost basis. If you sell at a higher price than this, you have to pay tax on the exceeded amount.
  
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