The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/jlc-ltltltbut-if-you-own-the-house-and-your-30936317.aspx

Subject:  Re: Buying Second House for Parents Date:  10/22/2013  4:02 PM
Author:  JAFO31 Number:  119389 of 123001

JLC:

<<<but if you own the house and your parents live ther without paying rent (or below free market rent), consider whether there is potential gift tax issue lurking in the weeds.>>>

"Hadn't thought of that, but seem to have an answer here.