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Tax Law (Questions About Taxes)/receiving a house as a gift

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sharon wrote at 2014-04-03 14:33:35
My case is similar.  Parents 2002, took there names off title and put five daughters on the title.  dad passed 2009 and my mom passed 12/2013.  Both continued to live in this house until they passed.  One sister just paid off four sisters and closed on the house yesterday.  What is the tax responsibility for us?  Only my parents continued to live in this home.


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