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Lynn still owns the home as of the end of 2015 and has no

Question - Lynn and Paul divorced in March, 2015. As part of their divorce settlement, Lynn receives sole ownership of their house, which has a fair market value of $800,000 and a purchase basis of $100,000. Lynn still owns the home as of the end of 2015 and has no plans to sell it. How much of the value of the home is included in her 2015 gross income?

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Accounting Basics: Lynn still owns the home as of the end of 2015 and has no

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Accounting Basics: Lynn still owns the home as of the end of 2015 and has no

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