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My wife and I own a home. We live in California.
We each own 50%. The house is worth about $750k.
Our mortgage balance is $450k.

We are now divorcing, and I am considering the
option of buying out her half of the home,
and continuing to live in it.

What are the tax implications of doing that? And what
implications are there as far as me someday selling the house?

Thanks to everyone for their help.

-- Ed
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