Updated about 12 years ago on . Most recent reply
Unique Buying Situation
I have a property worth ~$30k that my aunt is willing to give to me for later payment. I can't get anyone to buy it outright, but they can put a few thousand down and pay me monthly rent. How will that work with taxes between my aunt and I? Does she get to write off $30k as a loss? This question might be best for an accountant, but thought I'd try here first.