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My sister is buying our parents’ $3 million house, but wants to deduct $100K for renovations. Who’s right?

“If she didn’t want the home, it would have been sold at fair market value.”.

My sister is buying our parents’ $3 million house, but wants to deduct $100K for renovations. Who’s right?

Key Highlights

  • “If she didn’t want the home, it would have been sold at fair market value.”.
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Sources

  1. My sister is buying our parents’ $3 million house, but wants to deduct $100K for renovations. Who’s right?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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