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Sold Your Parents’ Home in 2014? Check This Tax Advice

Posted by Bonnie Martin Designated Broker on Wednesday, February 25th, 2015 at 7:34am. - Q. We sold our parents’ home in 2014. What do we need to know for taxes this year?

A. The tax implications of a home sale can be complex, particularly when you’re selling a relative’s property rather than your primary residence. It’s always best to consult a professional tax adviser to get individualized advice, but there are some general tax tips that could apply to your situation.

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