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The principal of the transaction is the same as the other answered question. The client (buyer) of your wife will reduce the cost basis of the home they purchased. This is essentially a reduction in the overall cost basis of the property.
Thanks,
Dirk
The principal of the transaction is the same as the other answered question. The client (buyer) of your wife will reduce the cost basis of the home they purchased. This is essentially a reduction in the overall cost basis of the property.
Thanks,
Dirk
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