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Old 07-11-2005, 09:21 PM
Junior Member
  
Join Date: Jun 2005
Posts: 3

Receiving Home as a Gift

What is the name of your state? California

My mother is gifting a house to me. I plan to cash out refinance and pay her 550K afterward. What are the tax implications of this transaction? Can you forsee any legal complications from this transaction? Thanks.
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