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Financial Planning / Tax Strategies
|Subject: Re: profits from sale of home||Date: 4/9/2002 6:42 AM|
|Author: umma2three||Number: 60119 of 125203|
I apologize for my unclear post. Let me clarify.
My sister and my mother are both on the deed. My mother orginally bought the property and a few yeas ago, my sister moved in and they refinanced the property together. They have both been living in the property, and sharing the mortgage.
Are there any tax implications for my sister, if my mother gives all of the profits to my sister?
Thank you, and I hope this clarifies the situation.
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