No, I had purchased home as a rental (2nd) home, rented it out for two years, then lived in it for last year and recently moved out since I want to gift to my n...
Hm... so how would the IRS calculate my tax owed?How much would I owe if I rented for about two years, but last year I lived in it, but moved out recently and w...
2013 & 2014 Rental.2015 converted to personal use, til moving out in 2016.Will gift in 2017.No tax as a gifter, and no tax if sold after niece lives in it for 2...
I see... let's say I bought the house for $250K and no improvements.I gift to my niece.She sells 2 years later at $500K... do I owe any taxes?Or what tax does s...