E36 How to Give Your Home to Your Children Tax-Free

Summary For each option, think about these taxes Parents’ capital gains tax How capital gains works $250k exemption Free step-up in basis Child’s capital gains tax Child’s income tax (deductibility of housing costs) Parents’ gift tax and estate tax Stay put Outright gift Sale for a bargain price Full-price sale with seller financing What if you want to live in your home? Options Links https://www.marketwatch.com/story/how-to-give-your-home-to-your-children-tax-free-2015-02-23 Original post by Bill Bischoff My book “How to Buy Your Perfect First Home” available on Amazon