Generally, the Internal Revenue Service doesn’t care who you sell your house to. Whether it’s going to your son, your second cousin or a stranger, you’ll pay the same taxes and get the same treatment. However, there are a few special situations where the IRS takes a more careful look. Generally, if you’re setting up a special transaction that takes advantage of having family involved, or if you’re giving something to your family that you wouldn’t give to a stranger, you may be in for extra scrutiny.
Be sure to tune in to what John Niemann and Doug Haldeman uncover about selling your home to a relative.
Segment 4: Selling Your Home To A Relative