Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago on .
Most recent reply
presented by
Title transfer to child and capital gains tax question
I purchased a condo 2 years ago for 50K. My daugter has been living there ever since (so 2 year residency requirement has been met)
Now the property is worth about 70K. I would like to transfer the title to my daughter so that she can sell it and keep the money. What would be her cost basis? Would she be able to use the 2 year primary residence rule?