
Anonymous
Not applicable
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
assuming the title is transferred to mom, who is going to get and keep the money from the sale? it better be mom. if she after the sale transfers the cash to your brother, even if she files a gift tax return, the IRS could and would argue that the sale was your brother's. the IRS has had great success in arguing that certain transactions are shams and should be disregarded for tax purposes.
‎November 12, 2020
6:19 PM