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how to give house to a family member

Customer Question

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Submitted: 9 years ago.
Category: Tax
Expert:  MequonCPA replied 9 years ago.

There are a variety of options.

Please provide additional information to assist.

Who owns the house.

How long have they owned it.

What is its current value.

What did the original owner pay for it.

Did/does the current owner live there as a principal residence.

How old is the current owner.

Any other info that may help it determining the best options.

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