Use that person as an accountability partner.

That said-- just offer this person a chance to leave now.

We use the same person as both a Private Money Lender, and as a Private Money Partner on different deals for buy-n-hold rentals.When we do the lending with them, it is strictly that - a loan with a predetermined rate (5% on the last one and term (5 years on the last one).

When it comes to IRA or 401k you are considered to be disqualified person, as such the IRS rules prohibit you to receive any benefit from your IRA directly or indirectly, providing to your IRA any services goods or facilities or otherwise be engaged in any transaction with your IRA. 

Person A can't say I gift $15,000 of a property to another person.What some people do is they put the property they want to gift into an LLC and then gift units of the LLC to the recipient.Example if 5% of the property is $15,000 then they give 5% of the LLC units.But like others have mentioned - if the donor is not likely to have an estate near the lifetime exclusion amount - then there doesn't appear to be any harm with gifting it all in one year.

Originally posted by Ali M: As for Taz, I did not understand your response to my email at all so i will let that go.

This is why I'm pretty excited about meeting with this person!As

No reason to hand my tax person a bunch of statements for them to figure out.

I can handle up to about $7k cash and approximately $1k payment/m.  As

Esto basicamente cambia el titulo de la casa a otro persona o entidad.