Other financial discussions


@JamesAD wrote:

.....does he also get my “holding period” so he isn’t charged as much capital gains?


Yes, your brother would be able to use your holding period per Section 1223 (your holding period would be "tacked on", or added, to his own holding period).

 

Note that he would have to figure his basis with respect to a sale.

 

See https://www.irs.gov/faqs/capital-gains-losses-and-sale-of-home/property-basis-sale-of-home-etc/prope...