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Deductions & credits
You gifted your 1/3 of the house to two people. For example: Let's say you purchased the house for $120,000 together originally. Then your 1/3 share is $40,000 so you gave them each $20,000.
There are many possible scenarios and we can't begin to guess your actual situation.
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‎April 12, 2024
11:50 AM