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Updated about 3 years ago,
Selling investment property and buying another as an inheritance
I am selling an investment property. I would like to pass the proceeds to my daughter in the form of buying her a house (she currently rents). The house will sell for $160,000 we will net about $100,000. I want to avoid Capitol Gains therefore I am thinking that I would buy a house for over 160,000 and rent it to her. If she stays in the house until we die how do we pass the house to her? If she moves and no longer wants the house how do we pass the current value to her?
Thanks,
Scott