Brett Arends’s ROI: Congress saves a controversial tax ‘loophole’

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Great Aunt Jane just died and left you the lake house in her will. But before you sell it, try to answer this brainbuster.

How much did it cost?

More specifically, how much did Great Aunt Jane pay for the house, and when? Or did she inherit it from someone else? What if she bought it in partnership with her cousin, and then inherited the other…