James S. asked

💰  Tax

My parents want to pay off my house using the profit from selling an investment property. What's the best way to do this for both of us, and how will it affect taxes, especially regarding gift tax and capital gains?

July 2nd, 2024

Mary K. answered

The best way to handle this involves understanding the tax implications for both the donor (your par...

July 2nd, 2024

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