Transferring grant deed and tax questions
Hello everyone, hope I can get some help regarding to transferring the deed. I am a co My nephew and I were on the deed from 2019-2022, then he transferred to me as sole owner as a “gift” since he doesn’t want to pay mortgage anymore. Now if I sold the property, am I paying capital gains of the whole amount (sold price) as if I inherited from him not sold price minus purchase price and fees. Thank you for reading!