My sister is buying our parents' $3 million house, but wants to deduct $100K for renovations. Who's right?
"If she didn't want the home, it would have been sold at fair market value."
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Browse Articles"If she didn't want the home, it would have been sold at fair market value."
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"I don't want to step on any toes."
"I can't, for the life of me, see how this makes sense on any level - personal or financial."
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"I also want to teach my young relative good money habits without overstepping the parents' authority."