Ending a family partnership

[Brian Liscio]

I’d love to hear your creative thoughts on this…

The property has about 200k equity and if sold on the MLS it would cost about $100k in cap gains etc..

Only one partner has been claiming the property on his taxes. If the other partner were to buy it at the original purchase price. (on paper) Would that eliminate the capital gains for the original tax paying partner and the other can just kick the tax can down the road?