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Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
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How to Sell Your House to Pay for a Memory Care Facility
The house was originally bought for $27,000. It is now well worth over half a million dollars. Because your parents lived in it as their primary residency for two out of the past five years, your mother obviously gets a $250,000 exemption. So if you sell it now, she's not going to have to pay anything in capital gains tax.
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