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Property value at time of quick claim deed

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bart5 Joined: 01 Apr 2011 Posts: 1 1.29 Dollars($)	Posted: Fri Apr 01, 2011 1:36 pm    Post subject: Property value at time of quick claim deed Like 0 Dislike 0 We transfered my wife's mothers property in 2006 using a Quick Claim Deed to my Wife and her Sister. Since then we have been paying all expenses like taxes and insurance as well as upkeep. We are about to sell the property. We need to know if the value of the property at the time of the quick Deed transfer is the basis we use to calculate capital gains?
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Sat Apr 02, 2011 10:13 am    Post subject: Like 0 Dislike 0 Yes _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com

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