04-26-2025, 05:57 PM
How much do you think this house appreciated after just 3 years? If she's lived there at least 2 of the past 5 years then she may be exempt from the first $250,000 in capital gains. And the gains are computed after subtracting out selling costs like realtor fees, and improvements. Taxes may not be a significant issue.
https://www.irs.gov/taxtopics/tc701
https://www.irs.gov/taxtopics/tc701