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Title Holding Trust

Posted by George on February 05, 2002 at 9:57 PM

If the title to your home is held in a title holding trust, can you avoid IRS capital gains tax, transfer tax, and reassessment when selling your property to annother individual by simply adding the buyer as a beneficiary, removing the other beneficiaries from the trust, and then assigning all of the beneficial interest to the buyer?

Do you know if the IRS has specific provisions for this sort of thing?


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