Posted by JOHN K HASLACH, CPA, MST on August 24, 2004 at 15:33:24:
If you transfer the property to her, you have made a gift of the fair market value of the gift. It has potential current and future tax implications and you should discuss them with the competent professional.
transfer ownership of rental property to daughter - Posted by fuzzy red slippers
Posted by fuzzy red slippers on August 24, 2004 at 09:29:47:
My daughter (30’s) has been living in a CA rental property I own for several years now. I want to transfer ownership of that property to her with the minimum amount of tax incurred. How would I go about doing that?