Buying Sister's Share

Expert, localized Los Angeles answers provided by Heather Roy

Buying Sister's Share
	We are planning on buying out my sister in laws half of a house that was left to my husband and her in their mothers will. We plan on giving her the money for the house from my husbands share of the estate. Then we will sell our house. What are the tax implications of this arrangement?

	There aren't usually any particular tax consequences when one buys a house so I don't see any here.
	Edith Originally published on September 9, 2007

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