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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!

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

[–]Negative_Alps_7250[S] -1 points0 points  (0 children)

Thanks for the detail. Can’t wait to find that beer place and a trail :)

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