Upon my grandmothers death (in ny) my mother inherited her home. I would like to buy the home now from my mother at well below market value. what if any are the tax implications
Asked on 6/09/17, 11:07 am
1 Answer from Attorneys
Richard Bryan
Richard Bryan Attorney PC
Your mother would be making a gift to you of the difference between the fair market value of the house, and the amount you pay her.
Answered on 6/12/17, 8:17 am