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π Never Sell Your House to Your Kid for $1 π‘ Selling your house to your kid for just $1 might seem like a kind gesture, but it can lead to big tax problems later. Instead, consider setting up a trust with your child as the beneficiary. This way, they'll save a ton of money on taxes if they decide to sell the home in the future and will only need to pay taxes on the gains since they owned the home, not when you first bought it! β If you want to learn more awesome tax savings tips, then check out Amanda Han's FREE webinar this Wednesday 10/16 through my link in bio! π Follow @seanlovesrealestate to make real estate easy! @seanlovesrealestate @seanlovesrealestate @seanlovesrealestate #taxsaving #stepupinbasis #investing#estateplanning #realestate #savemoney #taxplanning #financialfreedom #trustfund #homeownership #smartmoves #realestateadvice #fyp
Duration: 58 sPosted : Mon, 14 Oct 2024 17:45:49Views
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