What are the tax implications for mom selling home if she gives money to children?

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will mom have to claim sale as income and pay taxes on it? Will we have to pay taxes if she gives the money to my sister and I?will we have to claim it yearly if we put it in a checking account with no interest attached?

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Laws about inheritance, taxes, gifts, qualifications for Medicaid, trusts, etc. etc. are so complicated that there is a speciality in Elder Law.

This really is not a do-it-yourself topic. Get competent legal advice.

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