Selling your house to your kids can feel like a generous gift, but… if you don’t structure it right, it can create a major tax mess (for you and them). A few “good to know” basics before you give them a deal: •\tSelling below market value can count as a gift (yes, even if money changes hands) •\tCapital gains may still apply, especially with rentals or investment property •\tThey could miss out on a valuable step-up in basis later, which can mean higher taxes down the road •\tDetails matter: pap
1:07
TikTokramseyrealestate
Selling your house to your kids can feel like a generous gift, but… if you don’t structure it right, it can create a major tax mess (for you and them). A few “good to know” basics before
ramseyrealestate(@ramseyrealestate). original sound - RamseyTrusted® Real Estate - ramseyrealestate. Selling your house to your kids can feel like a generous gift, but… if you don’t structure it right, it can create a major tax mess(for you and them). A few “good to know” basics before you give them a deal: •\tSelling below market ...
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