23 Feb My personal more mature brother bought a house more than ten years in the past and you may might have been leasing it
Hey if i was to pick my personal mommy inside-guidelines home that we reside in for around 120,000 according to the house's well worth And she was still to call home here perform one become difficulty
Good morning, We have an emotional situation. The guy now has as much as $80k into home loan although residence is respected on $350k. The guy desires sale they to my young aunt to have $80k (the total amount that's leftover on home loan). Can be my more mature cousin accomplish that instead of taxation punishment? That is over $250k less than reasonable market value. Often my personal earlier brother possess a tax liability otherwise penalty in the event the which transaction happens?