- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
This is a very common practice for people from my country that later immigrates to the US.
I understand what you're saying. But U.S. tax laws don't deal with the common practices of other countries.
I don't think mine sounds like the Lady Bird deed
That was just a wild guess on my part, as to how I would think the IRS might see it, based on the limited information initially provided in your first post, and one heck of a lot of unsubstantiated assumptions on my part.
But I will check with an attorney/CPA for sure!
That's overall your best bet over a public user to user forum such as this one, when dealing with things that may have the potential to come back and bite you later down the road.
‎July 23, 2022
8:23 PM