C
chuck105
Guest
Three years ago my brother and I purchased a condo for our elderly mother. She lived there rent free until passing away this last February. We then rented the condo to a third party from March through October, 2000, and then sold it this month. My question is, for tax purposes, how do we treat the money received from the third party and, in general, what are our tax liabilities and how do we report the sale? Thank you in advance. This is my first time at this site; what a wonderful resource.