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Updated almost 5 years ago on . Most recent reply

User Stats

30
Posts
7
Votes
Alex Wong
  • Baltimore, MD
7
Votes |
30
Posts

Refinancing a family member out of a primary residence

Alex Wong
  • Baltimore, MD
Posted

My sister and I bought a property as 50-50% partner many years ago as primary residence. She is now married and lives with her husband. We have decided to take advantage of the historically low rate to cash her 50% equity out. She shouldn't have to pay capital gain tax, right? 

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