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Updated 13 days ago, 11/09/2024

Gerald Williams's profile image
Gerald Williams's profile image
Gerald Williams
  • Member since Nov 9, 2024
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Gerald Williams's profile image
Gerald Williams's profile image
Gerald Williams
  • Member since Nov 9, 2024
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Gerald Williams
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Creative Real Estate Financing

Down payment gift

Gerald Williams
Posted

I'm trying to purchase a property from my daughter creatively for what she owes on the mortgage. Which is 184k.  Zillow estimated it 215k.  I want to use her equity as a gift for the down payment to avoid capital gain taxes. How is this process done?

Birmingham, Alabama
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