QUESTION: In 1996 my mother and father purchased a home (for $95,000)-------------------------------------------------------------------------------------
to which was deeded to myself and my brother in the event they would
someday require nursing care and couldn't afford it (they didn't want
government to take it).
Parents have both recently passed on and house has been sold
for $172,000.
Are there tax impication for myself and my brother?
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CEN-TA Cross Border Services - Tax, Visas, Immigration
http://www.centa.com/article.php/20070723001515572