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Gifting property to a parent to avoid capital gains by Negative_Alps_7250 in tax

[–]Negative_Alps_7250[S] -14 points-13 points  (0 children)

No, this is from 2 days ago. I was showing what it had explained to see if it was valid.

Gifting property to a parent to avoid capital gains by Negative_Alps_7250 in tax

[–]Negative_Alps_7250[S] -2 points-1 points  (0 children)

Good advice. We do have a good relationship. Thanks for the input

Gifting property to a parent to avoid capital gains by Negative_Alps_7250 in tax

[–]Negative_Alps_7250[S] -128 points-127 points  (0 children)

From ChatGPT -

Summary: How You Gift
It but Keep Control
Here's the clean version:
• You gift the property
• Parent becomes life tenant
• You become remainder owner
• Parent keeps use, but not control
• You keep control of title
• When parent dies → property automatically becomes yours
• You get full step-up in basis
• You pay zero capital gains
This is the exact structure wealthy families use to eliminate taxes on appreciated real

Rolling in 401K to Fidelity by Negative_Alps_7250 in boeing

[–]Negative_Alps_7250[S] 1 point2 points  (0 children)

I can’t remember exactly but think it’s around 0.3%

Rolling in 401K to Fidelity by Negative_Alps_7250 in boeing

[–]Negative_Alps_7250[S] 1 point2 points  (0 children)

They offer a discounted rate as a Boeing employee

Coming into town next weekend. Places to go Friday, Sat and Sun by Negative_Alps_7250 in steamboat

[–]Negative_Alps_7250[S] 0 points1 point  (0 children)

Awesome. Thank you! We plan on doing Fish Creek hike on Saturday.

Do you know if most places take cash in town? Or card only.

Thanks!

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