I'm in the process of buying my first home from my parents. I'm trying to figure out the best way to get around them paying capital gains. Is it "legal" to have them add me to the title, then have them do a quit claim deed to take themselves off the title and then I turn around and refinance the home, then make lump sum payments to them each year up to the maximum allowable under the gift tax rule?
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra