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Updated almost 8 years ago on . Most recent reply

Becky Bates's profile image
Becky Bates's profile image
Becky Bates
  • from Bentonville, Arkansas
  • Member since Mar 7, 2017
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Becky Bates's profile image
Becky Bates's profile image
Becky Bates
  • from Bentonville, Arkansas
  • Member since Mar 7, 2017
Connect
Becky Bates
  • Bentonville, AR
0
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Tax, SDIRAs & Cost Segregation

Buying Property from Family WAY Below Market Value

Becky Bates
  • Bentonville, AR
Posted

I would like to purchase my Dads home from him as a rental property later down the road. House is free and clear. Can I legally buy this within an LLC as a buy and hold without either of us being penalized in taxes?

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