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Updated over 11 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
Dalton Summers
  • Involved In Real Estate
  • Columbus, OH
3
Votes |
16
Posts

Unique Buying Situation

Dalton Summers
  • Involved In Real Estate
  • Columbus, OH
Posted

I have a property worth ~$30k that my aunt is willing to give to me for later payment. I can't get anyone to buy it outright, but they can put a few thousand down and pay me monthly rent. How will that work with taxes between my aunt and I? Does she get to write off $30k as a loss? This question might be best for an accountant, but thought I'd try here first.

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