Agent

How a real estate gift becomes a lose-lose situation

Unreasonable request leads to big taxes
Published on Aug 17, 2006

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by CareyBot

DEAR BOB: About 10 years ago, my parents gave me a gift deed to their house for which they paid about $57,000 many years earlier. Today, it is worth around $275,000. They continued living in it ever since. Now they ...

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