Thanks I will definitely discuss with a tax professional, but it helps to have some idea of the options that you are providing.
Two more things regarding the exemption:
Can we each claim the $250k or $500k exemption if we leave everything as is?
If we decide to do a quitclaim and give all interest in the property to me will this affect my ability to claim the exemption because the share of the property from my siblings was only held for less than 2 years?
Thanks in advance!
