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Taxes on profit from buyout of my 50% ownership of a home?
Taxes on profit from buyout of my 50% ownership of a home? In 2020, my brother and I came into joint ownership of my parents’ home. We are currently in the process of my brother buying out my half of the ownership. The house in question is paid off and my brother resides there. My question is, once we have the financing and formalities done and he cuts me a check, how do I go about calculating how much ...
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