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Adding children to the title of your home usually has tax consequences
Q: My daughter’s name was added to the title to her mother’s home so that she could inherit the house tax free. Her mom has now died and my daughter is selling the home. What are the tax consequences?
Some questions tend to repeat themselves over time to the point as a practitioner I see them coming. One of those is “should I add my child’s name to my or our deed?” A closely related question is ...
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