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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Gift property to (adult) child ?? Posted by Jim on October 22, 2003 at 6:43 AM I'm interested in transferring my primary residence to my adult son. Soon after the transfer, I expect to move to what is now an investment property and turn it into my new primary residence. Right now, I'm leaning toward "selling" him the property - then forgiving $11K / year (or whatever the annual tax-free gift limit is) until he has "paid it off." I'd appreciate any suggestions on ways to approach this transaction. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : I'm interested in transferring my primary residence to my adult son. Soon after the transfer, I expect to move to what is now an investment property and turn it into my new primary residence. : Right now, I'm leaning toward "selling" him the property - then forgiving $11K / year (or whatever the annual tax-free gift limit is) until he has "paid it off." : I'd appreciate any suggestions on ways to approach this transaction. : Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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