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House sale

We are selling a parent's house.  5 of us are on the deed.  The amount will not exceed $25,000.  Is that entire amount taxable/just added income for me?

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1 Reply
ee-ea
Level 15

House sale

Not taxable if you are selling inherited property, but see this  https://turbotax.intuit.com/tax-tips/estates/what-are-inheritance-taxes/L93IUc3sC

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