TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Sold Family Home

June 28, 2012

Today TaxMama® hears from Madeline in the TaxQuips Forum with this situation. “My siblings and I just sold our family home in New Hampshire. I live in California. We each got $40,000.00. How will this affect my taxes next year?â€



Dear Madeline,