According to this article, it is better to inherit a house as opposed to received it as a gift (for tax reasons):
http://www.bankrate.com/brm/news/realestateadviser/20090111-inherit-home-versus-gift-a1.asp
The reasons being the benefit of "step-up" for the basis of the house upon the death of the original owner.
Sunday, January 11, 2009
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