ST Alpha - "🤔 I know you can for collectibles/securities but for general property as well?" (Reading a Post)

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In response to "You can have a basis in property even if it was given to you as a gift, I thought. The basis would be what the original owner paid. -- (edited)" by znufrii

🤔 I know you can for collectibles/securities but for general property as well?

Posted by spamlet Sep 21 '21, 13:33

Maybe Mrs pfm shouldn’t be taunting yet.

Responses:

My only direct experience with this is what I wrote below, and I don’t feel like pulling up Pub 551 to find out the answer right now :) - znufrii Sep 21, 13:34 3
- Heh. -- nm - spamlet Sep 21, 13:50 2
  - Who am I kidding - znufrii Sep 21, 13:54 1
    - For corporates it does make the difference but I guess not people. PFM, sorry. -- nm - spamlet Sep 21, 14:00

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