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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
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How to gift your #house to a child without outting their name on the #deed. Great for #estateplanning! #financialliteracy #finance #money #investing #investingforbeginners #wealth #realestate | Socialcapofficial
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