My mother filed a quitclaim deed to add me as a joint tenant on her house in 1996. She sold the house this year. She also turned over her cash to me this year. My wife and I are taking care of her now and she is living with us. I understand that I must file a form 709 on her 2007 return for the cash she turned over to me this year, and I must file a schedule D on my own 2007 return for the my share of the capitol gains on the sale of the house. No Schedule D is required on her portion of the gains. My remaining question is this: When she declared me a joint tenant in 1996, was that technically a gift to me? She did not file a form 709 in
1996. If it was a gift, what is the best way to handle it now?-- Gary Burton