Marty and Marianne are married. In 1987, they purchased a house for $150,000. In 2000, when the
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Marty and Marianne are married. In 1987, they purchased a house for $150,000. In 2000, when the house was worth $300,000, they transferred the house to a revocable trust for the ultimate benefit of their children. In 2012, revocable trust sold the house for $450,000. How much of the capital gain will be taxable?
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