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Old 11-13-2017, 12:36 AM
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Refinance co-owned home and add to equity

My wife and I bought a home with her parents a little over a year ago. The four of us are on the mortgage and deed. Only my wife and I live in the home. What are the tax implications if we refinance the home and my in-laws add $200,000 towards the equity of the home, thereby reducing the mortgage?



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