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All Forum Posts by: Becky Bates

Becky Bates has started 2 posts and replied 2 times.

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?

Post: Buying parents home under a LLC for low price

Becky BatesPosted
  • Bentonville, AR
  • Posts 2
  • Votes 0

Could I buy my parents house under an LLC for say $5000 and keep it as an asset deferring the capital gains tax into another property?