1031 Exchange - you can 1031 exchange into another like kind property (virtually any piece of real estate including land) in which your taxes on the property are deferred to when you finally sell without exchanging (or gift to your family - in which case you nor they every pay taxes on it).

Regardless the federal government is sending cash payments to most Americans so in the absence of a loan or gift from a private acquaintance the government is stepping in for the average American. 

In-Ground swimming pool installed -- I am trying to get the appraisal amount as high as I can so it'll allow concessions for Closing Costs and Gift of Equity as Down Payment and Equity in house after closing. -- House down the road same design but not updated went for 352,000 (Port Jefferson Station, NY)So with the market where it is and mortgage rates getting lower I see it as an opportunity to jump on a low rate.

Hey all,Curious if you know of anyone who will insure a property in Florida (pan handle area) that has aluminium wiring or a company that will insure one that has aluminconns connections.

If this sounds like Tin Foil Hatism, the proof is in the pudding:Developer with ties to Cuomo gets $2M tax break amid bailouthttps://nypost.com/2017/07/04/...STATE FINES DEVELOPERS FOR THEIR ‘GIFTS’ TO MAYOR DE BLASIOhttps://thecity.nyc/2019/09/st...Developer paid de Blasio-linked lobbyist, lawyers for East Village petitionhttps://nypost.com/2020/01/14/...Kiryas Joel-based developer is Cuomo’s top donor this yearhttps://therealdeal.com/2015/0...

If they sell the house now, it would be tax free because they live there for years and the gain doesn't exceed the limit.The question is, if they gift the house to me today while the house is worth 300k.

I like giving Longhorns e-gift certificates, myself.

Normally how this would play out is that you would be buying the house and your aunt/uncle would co-sign for you and then gift you the $ you need.

Should keep them happy and limit the amount of parting gifts they take on the way out.

The additional relief under IRS Notice 2020-23 affects many other tax returns, including Estate Tax Returns, Gift Tax Returns, Private Foundation returns, etc.