Submitted 322 days ago...
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Submitted 322 days ago...
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Submitted 322 days ago...
Answer 3 / 3
Submitted 322 days ago...
Ah - sorry I thought you meant if she was still residing in the home. If she SOLD the house then she should have to give you your portion of the equity, I'm not sure if you can claim 1/2 as a loss. Sorry, hope this can help.
http://www.irs.gov/pub/irs-pdf/p17.pdf
Part 3 goes over more specifically gains and losses of property, but you may need to call a CPA for this specific situation.
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