My question is: Applicable to both US and Canada
QUESTION: My sister and I are joint owners of the family home since my
mother died. My sister lives in the US, but retains her Canadian citizenship.
Since she is now retired, we will be selling the home, and I have a number
of questions -
1. Need I use a realtor? What legal responsibilities will I have to look
after if I handle the sale myself.
2. Is there anything she (or I) can do to minimize any taxes to her?
3. I took the capital gains partial exemption when I filled out my income
tax in 96-97. How will that work upon sale?
