My wife and I file for taxes jointly. We are 77 and 73 years old.
I own my house as a sole owner. I am refinancing and I am adding my wife to Title of a single family house.
I want to add my two adult children (31 and 33) to Title, so they will be able to inherit the house and avoid sale taxes (I assume it would work this way -- am I correct?).
But how would IRS taxes be charged each year, before my wife and I die?
Can I keep paying taxes on my house, as before, or am I creating tax issues for my children?
