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Home»Business & Finance»My sister is buying our parents’ $3 million house, but wants to deduct $100K for renovations. Who’s right?
Business & Finance

My sister is buying our parents’ $3 million house, but wants to deduct $100K for renovations. Who’s right?

mychabi2013By mychabi2013January 19, 2026No Comments1 Min Read
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My sister is buying our parents’ $3 million house, but wants to deduct $100K for renovations. Who’s right?
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www.marketwatch.com

The quote suggests a transaction where a property was retained rather than sold. It implies that the individual in question (referred to as “she”) chosen to keep the home—likely through a buyout or direct transfer—rather than liquidating it on the open market. The statement highlights that if she had rejected the asset, the standard procedure would have been a sale at fair market value, establishing a clear baseline for the property’s worth in that scenario.



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