BobKamman
Level 15
01-13-2023
04:40 PM
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Obviously the mother didn't want to pay tax on the gain. She probably already had a buyer. Mothers who can afford to buy a house for their kid are usually in a higher tax bracket than the kid. The mother has escaped a higher tax, but the daughter isn't "home safe" since her mother didn't trust her to own the place for the last two years.