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I will receive ownership of my mother's house in Florida. After sale can I invest the money before paying tax


I am single and live in CA
I will share the money with my only sibling(sister)who is married and lives in VA
We are looking at receiving $700,000 for the sale of this house
Our mother was the sole owner of the house until her death in Sept 2005

I don't think so, usually tax is taken out first.

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