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real estate captial gains tax
Sent to Tax Experts June 04 06:56 PM

My father sold his house that is in a family trust. My mother predeceased him. They bought the house for $108,000 and he netted $457,000 from the sale. How much will his exemption be for catipal gains taxes? Does he get to include my mother's exemption at this time?

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June 4 11:49 PM (4 hours and 52 minutes and 49 seconds later)
         
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