|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 641-357-3330
|

Get Free Presentation On My Home Marketing. Before signing a contract with any REALTORŪ, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
|

"Expect The Best!" Leave the biggest Investment of your life in the hands of a Professional! Read Quote >
|
Compare three mortgages
at one time. Download TripleCalc now. It's free.
|
Julie McQuaid is one of The Top
Selling Real Estate Experts Find Out More > |
|
|
 |
Please Sign Up For The Latest Listings and the Latest Real Estate News
Tax Considerations >Not at ARMs Length
A sale of a house is just a sale, right? Not necessarily. If you are selling your house to your children or transferring title outside the open market, then the transaction may be characterized as "not at arm's length". Since such a transfer may have tax consequences, you should discuss it with a tax attorney or accountant before taking action.
The transfer of title to a son or daughter may cause the parents to lose favorable property tax treatment, require the payment of state gift taxes, or have other unexpected consequences. From a capital gains point of view, it may be more prudent for children to inherit property than to receive it as a gift. The disposition of any real estate should be considered within the entire framework of your tax and estate planning.
For answers to all your real estate questions, consult experienced professionals who are familiar with this area.
|
 |
| Q |
Which U.S. hotel has more fountains than any other hotel in the world?
|
| A |
The Bellagio Hotel in Las Vegas, Nevada has more than 1,000 fountains embellishing an 11+ acre artificial lake.
|
See More Real Estate Trivia > |
|
|
|
|