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emandf
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I sold my rental home to my son, where do I claim my profit? I says don't clilck if related

 
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‎June 28, 2020 12:23 PM
last updated ‎June 28, 2020 12:23 PM
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DavidS127
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I sold my rental home to my son, where do I claim my profit? I says don't clilck if related

Special rules apply to the sale of a rental property to related individuals.  The gain may be taxed as ordinary income instead of capital gains, and losses may not be allowed.  See this section of IRS Publication 550 for more information.

 

 

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‎July 11, 2020 12:42 PM
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