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During 2016. Tasha and Eric finalized their divorce. Based on the divorce decree, Eric is required to transfer title of their house to Tasha. The
During 2016. Tasha and Eric finalized their divorce. Based on the divorce decree, Eric is required to transfer title of their house to Tasha. The fair value of the house is $300,000 and the adjusted basis of the house is $250,000. Tasha's AGI is over $1 million. How much is Tasha required to include in her income? $0 $300,000 $50.0980
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