Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago on .
Most recent reply
presented by
I co own - should he gift me the prop? To avoid capital gains
My brother and I plan on selling our property that only I have been living in for 2 years (I pay him $600/mo for rent. My brother lives in his primary). On title, He owns 25% and I own 75%.
For him to avoid capital gain tax, should he gift me the property? Or can I remove his name from the title? I would then use the funds for another property 1 year from now and add him on that title as a certain % owner.
or
Should he just pay capital gains tax on about $50k?
any advice is appreciated. Thank you!!!