Tom:Thanks for the strategy you noted, but I guess what I failed to mention, which seems to be the most important aspect, is that the house I'm buying is not their primary residence, which, I believe, will not allow them to take advantage of the capital gains exclusion.Looks like they'll have to pay, but at least I'll be able to take advantage of the prop 13 tax freeze sincethe house is in California and my parents bought it back in 1964.By the way, was there a special form your brother had to complete in order to make sure he paid the lower taxes?Thanks, Sandra
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