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    mikealex Posts: 1, Reputation: 1
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    Mar 19, 2014, 03:30 PM
    I am a grantee/buyer on a life estate deed signed in 2006
    Only family members lived in the apt until last year, where the person occupying the apt died. We rented the apt after fixing it and spending $25,000. My father and mother owned the house until the life estate deed.

    How to report the value of the house, when the deed was signed, or the fair value of the house now, so I can report the rental income and expenses.

    Thank you for your assistance.

    michael k

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