My sister is going to buy foreclosure then sell it to me, will she get tax on the whole amt?

Asked by Kf0207, 07306 Wed Apr 15, 2009

let say if she bought the house for 100k and sell it to me for 100k, there are no capital gain, does she have to pay taxes for the whole amt or any taxes?

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Francesca Pa…, Agent, Manasquan, NJ
Wed Apr 15, 2009
K,

Your question would be better directed at a tax professioal. An RE pro would only be guessing

Francesca , Realtor, ePro
Web Reference:  http://www.patrizioRE.com
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