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Results (10000)
Ariel Johnson Do my parents have to pay taxes on this house?
27 December 2016 | 4 replies

Hello, my parents are selling our old house. We lived there for from 2007-2014 and they are selling it in January. We did not live there in the past 2 years and we also have not lived in that state as we moved from GA...

Tracy T. 1st investment property w/parents as tenant. Tips, advice, ideas?
29 July 2016 | 3 replies

Hello,  I'm looking to discuss with others who have owned investment property where parents (or close family members) were their tenants.  Seeking others experience, advice around this   and lessons learned (e.g. leas...

Brandon Hall Cash Gift From Parents Can't Be Used for Investment Purchase?
11 September 2017 | 25 replies

Hey Folks,I'm in the market for my first property (investment and otherwise) and was on the phone with a loan officer earlier today. The original plan was that my parents would match my cash contribution and classify ...

Jack Gilmore Why am I on the title for my parents property?
7 June 2017 | 6 replies

Hi all!Big BP follower but just creating an account now because I haven't found an answer on here yet.My parents are selling their home and are asking me to transfer the power of attorney over to them, provide SSN for...

Petra M. Adding parents to title to get step-up in basis?
15 July 2016 | 2 replies

Warning. Slightly morbid.Has anyone thought of adding a parent to the title of a home to take advantage of the step-up in cost basis when the parent dies?  I see this as a way of avoiding the capital gains tax without...

David Gotsill Tax Treatment for a Condo Jointly-Owned with Adult Parent
30 June 2016 | 3 replies

I was hoping for some general tax guidance (US taxes).  Of course I'll consult a professional, but I'd like to be sure that at such time I'm asking the right questions.  I seeking to understand how to (or what options...

Christian Riordan Selling a Primary Residence when your Parent is on Title
5 March 2024 | 3 replies

Three years ago my wife's father bought her a townhome for 250k cash. They are both listed on title of the property and my wife has been using it and paying primary residence taxes on it. I got a new job out of state ...

Forest Wu Saving on Taxes by Building an ADU for my Parents?
19 February 2024 | 3 replies

I'm a W2 employee who might move closer to their parents to help them in their later stages of life. Their home is very small and located in California. I was thinking about building an ADU for me to live in to accomp...

Mike Shahi New construction/capital gains/death of parent- need tax advice
29 August 2024 | 4 replies

Hope all is well. My parents own a home in MD and owe about 500k on it. As is, the home can sell for 1.1/1.2. The home was purchased in 2008 for 700k. Mom passed away last year unexpectedly. Now, Dad and I are trying ...

Michael Fortier Two college kids, one with full year up front
23 March 2017 | 10 replies

Hello BPI just closed on my first SFR rental house less than a week ago. I put an ad on the popular rental sites 2 days before closing and got flooded with applicants before I could even show it. Yesterday we were clo...