Story thread · 2 reports / 2 sources

They Sold Their Daughter the House for $250,000 Less Than It Was Worth. The Discount Was Legally a Gift, Her Mortgage Was Half the Size, and Nobody Owed the IRS a Dollar

247wallst.com · 5d · first reportShare

Parents with real home equity can legally sell their house to a child at a steep discount, and in most cases no one owes the IRS a cent. But skipping one piece of paperwork or missing a single timing window can unravel the whole thing.