Opv1419’s Activity

Wed Mar 19

NL

Boards Post

Opv1419 replied to the Tax Strategies board. 10:43 PM

Re: Rent-to-own, of sorts

Thanks.

NL

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Opv1419 replied to the Tax Strategies board. 4:07 PM

Re: Rent-to-own, of sorts

Thanks. I would like to give my relative sufficient warning if it is warranted, i.e., if he is going to be in for a major tax surprise once he gifts the house to his son next year. I recall many years ago that my parents gifted the old homeplace to [more]

NL

Boards Post

Opv1419 posted to the Tax Strategies board. 3:22 PM

Rent-to-own, of sorts

A relative of mine has owned some rental properties since 2003. I just became aware that he has had an informal agreement with his son (the renter) that he will convey the house to him after an agreed upon amount has been paid. There has been NO [more]

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