selling two houses

What is the name of your state? Pennsylvania
My husband and I are purchasing a new home. We will be selling our current residence. My Mother is also going to sell her home and move in with us in the new home. She will be contributing a portion of the net gain from the sale of her home (approx. $50,000) towards the purchase of the new home. How is the best way to handle that contribution so has to have the fewest tax implications?

[HomeGuru]

Originally posted by gingin625
What is the name of your state? Pennsylvania
My husband and I are purchasing a new home. We will be selling our current residence. My Mother is also going to sell her home and move in with us in the new home. She will be contributing a portion of the net gain from the sale of her home (approx. $50,000) towards the purchase of the new home. How is the best way to handle that contribution so has to have the fewest tax implications?

**A: please post tax questions on the Tax Law forum.