The parent must file a gift tax return annually, and any remaining balance is included in the estate.If the home was your primary residence for at least 2 of the last 5 years, you may exclude up to $250,000 ($500,000 if married filing jointly) of capital gains from taxes.

Consequently,  there's rarely enough of a deviation in price between these auctions and what you can buy on the MLS/elsewhere with full diligence capabilities to make these transactions worthwhile. 

I don't remember that legal argument arising in the last couple of cases I was in, so it just may not have been addressed.   

I knew I was adequately insured and had zero risk of financial consequences.  

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

if it is unsecured loan that is the consequence, you lose they entire thing. as far as tax write off, sorry but none.

The last loan we took out I paid back in 10 months. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

Tax-Free Exchanges: While 1031 exchanges aren't available to SDIRAs, the tax deferral within the account means you can sell property and reinvest proceeds into new opportunities without immediate tax consequences.

I have also been doing quite a bit of research on Loan's, tax consequences etc., and am working towards being a expert in this niche.