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Financial Planning / Tax Strategies


Subject:  House for Neice - anything taxable ? Date:  2/6/2000  3:29 PM
Author:  gsr Number:  27477 of 123001

In December, 1998 my wife, her sister and I purchased a house for our neice(the sister's daughter) and her husband. We did this because they could not qualify for a loan.

This was a $50,000 house. Downpayment and Closing costs were paid by us and were about $15,000, leaving a loan of about $37,000.

We are letting them make