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Capital gains taxes on my late mother's house
How can I avoid capital gains tax as I try to sell the home of my mother who passed away in December? She bought the home in 1963 for $6000 in Colorado. It is now worth $250,000. The home is in her name and the name of her husband who died in 2000. I have heard that I should first transfer the house into my name and then sell it.
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