Deductions & credits


@Romano01 wrote:

....turn it into a rental, make it a fair rental price and gift it back later once everyother month. And start by gifting them first then up the rent which now they have worth 2 months and now it all looks good and everyone is happy. You get your deductions and everyone still has there money in there pocket but the system now works for you and looks good too.


Except what you are describing would be form over substance and, as such, it would be difficult to avoid the step transaction doctrine.