plan to sell home and keep as rental with no tax
young couple with spring wedding plans. Each owns SFR as primary residence, she with 2 roommate tenants .
Plan---while they are still single,she sells her house to him,avoiding tax on any appreciated value, after wedding they live in his house and keep hers as rental.
sounds too simple--am I missing something ?
Plan---while they are still single,she sells her house to him,avoiding tax on any appreciated value, after wedding they live in his house and keep hers as rental.
sounds too simple--am I missing something ?