ZeroCool to Microblog Memes@lemmy.worldEnglish · 6 months agoJust tell 'em to be patient and distract 'em with some avocado toast!i.postimg.ccimagemessage-square41fedilinkarrow-up1788arrow-down19
arrow-up1779arrow-down1imageJust tell 'em to be patient and distract 'em with some avocado toast!i.postimg.ccZeroCool to Microblog Memes@lemmy.worldEnglish · 6 months agomessage-square41fedilink
minus-squareSemi-Hemi-Demigod@kbin.sociallinkfedilinkarrow-up5arrow-down1·6 months agoWhat if they transferred the deed to the house for OP for a low price, and then paid rent. That could be way over the $17k limit, and then they’d own the house.
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkEnglisharrow-up5·6 months agoIf you do that, the difference between the low price and the “real” price could be considered a taxable gift.
What if they transferred the deed to the house for OP for a low price, and then paid rent. That could be way over the $17k limit, and then they’d own the house.
If you do that, the difference between the low price and the “real” price could be considered a taxable gift.