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79901 : Real Estate Advice

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  • Home Buying1
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Activity 1
Mon Sep 28, 2009
T.E. & Naima Sumner answered:
El Paso home buyer, please be careful about the related-party rule.

IRS does not allow your mom and dad to sell you their home and have you pay them.

If the seller is not a related party (you'll have to read their rules), then as with most tax matters we have to defer to your consultant, but it seems pretty straightforward. ... more
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