Story thread · 2 reports / 2 sources

They’ve Deeded a Slice of the Duplex to Each of Their Three Kids Every January Since 2019. The Rent Follows the Deed, and Not One Gift Has Ever Crossed the Line Where the IRS Wants a Form

247wallst.com · 4h · first reportShare

Deeding fractional slices of a rental property to your kids each year sounds like a clean way to shift wealth without triggering a gift tax return, but the basis trap lurking inside this strategy can cost heirs far more than any estate tax ever would.