TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Gift to Parents

July 09, 2012

Today TaxMama® hears from Susan in the TaxQuips Forum with a good question. “Suppose I purchase a home and keep title in my name and let my parents live in the home rent free. Is the rent-free usage of the property considered a transfer subject to the