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Sale of non-primary residence home with partners

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J

JGASP

Guest
i own a home in california with my 2 brothers that our grandmother lived in rent free. she is now deceased. what are my options if we do not want to keep the house to rent out. can we sell the house and can i do a starker exchange on my portion of the house so i dont loose most of the money for taxes. (can i purchase a 2nd home, or do i need to rent it out as a rental property?) (we acquired the property at a value of $170k, current market value of $350k.)
what would be the best option?
 



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