When you dispose your property, it is a tax event. Selling to yourself is not disposition, therefore it is not a tax event.
Why? IRS defines disposition as loss of control. see https://www.irs.gov/publications/p544
Anyway, common sense.
When you dispose your property, it is a tax event. Selling to yourself is not disposition, therefore it is not a tax event.
Why? IRS defines disposition as loss of control. see https://www.irs.gov/publications/p544
Anyway, common sense.
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makes sense. 如果房子在一方名下,賣給配偶呢?感覺也不算event
-新年好運-
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02/01/2023 postreply
09:50:00
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related party, not arms length deal . No loss of control
-檸檬椰子汁-
♂
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02/01/2023 postreply
10:04:38
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sell to your son, maybe
-檸檬椰子汁-
♂
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02/01/2023 postreply
10:54:16
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