My mom owns a house that my brother has lived in for probably 20 years. She has not lived in it in two of the past five years, but has been paying the mortgage.If my brother and his wife were to buy the house from her, what would the tax ramifications be and how would be the best way to do it?Step 1 of trying to answer your question is to ask a whole lot of questions. For starters, how has all this been handled on your mother's taxes? Is it a rental? A second home?I have to agree with the prior response. It's past time she needs some professional advice.Phil
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