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January 28, 2025
Question

settling estate for step kids

  • January 28, 2025
  • 1 reply
  • 0 views

My husband passed in 2023 according to our will the survivor had the option to buy out half of the house from the kids.  I had to make withdrawals from accounts that I had paying taxes on the interest.  Can I claim any port of that on my taxes from 2024?

    1 reply

    January 28, 2025

    Unfortunately, no.  There are no tax credits available for purchasing a primary residence because you get a huge tax exclusion when you sell it.  

     

    @jea217 

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