The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Selling a house to a family member Date:  6/8/2009  1:47 AM
Author:  bigcaat Number:  106235 of 130760


Not sure if I'm asking in the right place or not, but I'll give it a shot.

My mom owns a house that my brother has lived in for probably 20 years. She has not lived in it in two of the past five years, but has been paying the mortgage.

If my brother and his wife were to buy the house from her, what would the tax ramifications be and how would be the best way to do it?

Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us