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[-] Semi-Hemi-Demigod@kbin.social 4 points 10 months ago

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.

[-] surewhynotlem@lemmy.world 5 points 10 months ago

If you do that, the difference between the low price and the "real" price could be considered a taxable gift.

this post was submitted on 09 Jan 2024
766 points (98.9% liked)

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