Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 3 years ago on . Most recent reply presented by

User Stats

7
Posts
0
Votes
Jake Paul
0
Votes |
7
Posts

Quit Claim Deed - To avoid capital gains tax?

Jake Paul
Posted

Similar post from before...but would this legally work?

I co own a property with my brother (75/25) on title. I've been living there for 2 years now. He lives in his own primary. We want to sell and hold the funds for a bigger property 1 year from now. 

For him to avoid capital gain taxes, should we do a quitclaim deed for him to be removed from the title so I can recognize the full gains?

Pros? Cons?

Any feedback is appreciated. Thanks!

Loading replies...