• Semi-Hemi-Demigod
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    fedilink
    411 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
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      English
      511 months ago

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