How can I sell my rental house to my son with the greatest tax benefit?

nathanielabb1913 · ‎March 30, 2021

ThomasM125 · ‎March 30, 2021

You can't get around tax laws by manipulating a sale price or most other tax shelter practices when dealing with a relative. To keep yourself out of trouble from a tax standpoint, it is best to treat the sale as though it was to someone not related to you.

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Carl · ‎March 30, 2021

Currently with the way tax laws are, the "best" way is to not sell it to your son at all, but to leave it to him in your Last Will & Testament. Overall though, it would probably be best to discuss this with an estate planner, as laws differ state to state, and those state laws "can" (and mostly do) affect how things get treated on the federal side of taxes. Especially if you live in a community property state.