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Updated over 5 years ago,

Kevin Brown's profile image
Kevin Brown's profile image
Kevin Brown
Pro Member
  • from Jacksonville, Florida
  • Member since Jan 7, 2015
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9
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Kevin Brown's profile image
Kevin Brown's profile image
Kevin Brown
Pro Member
  • from Jacksonville, Florida
  • Member since Jan 7, 2015
Connect
Kevin Brown
Pro Member
  • Jacksonville, FL
3
Votes |
9
Posts
Tax, SDIRAs & Cost Segregation

How do I use cash to cover my partner's equity?

Kevin Brown
Pro Member
  • Jacksonville, FL
Posted

I'm planning to partner with my son when he turns his current house into a rental.  We'll be 50/50 partners.  If he has 50k in equity, how do I legally get 25k to him to cover half the equity and not trigger a gift tax situation?

We'll probably start as a general partnership but may end up as LLC.

Any ideas would be appreciated.

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