What are the tax ramifications of a home sale and are there ways to shelter the proceeds?

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My mother in law needs to sell a home that she is no longer living in. We have a cash buyer but we are concerned about the tax ramifications from the sale.

Attorney Answer

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Thomas Hansen ·
You have not provided enough information to answer your question. Since there are many items that need to be reviewed, it is best that you retain a CPA or attorney to answer your specific concerns.
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