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Updated over 5 years ago on . Most recent reply presented by

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9
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3
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Kevin Brown
  • Jacksonville, FL
3
Votes |
9
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How do I use cash to cover my partner's equity?

Kevin Brown
  • Jacksonville, FL
Posted

I'm planning to partner with my son when he turns his current house into a rental.  We'll be 50/50 partners.  If he has 50k in equity, how do I legally get 25k to him to cover half the equity and not trigger a gift tax situation?

We'll probably start as a general partnership but may end up as LLC.

Any ideas would be appreciated.

  • Kevin Brown
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