360: OPEN FORUM SHOW - Answering Difficult Tax, Legal & Business Questions
Main Street Business
00:00
Buying Out a Rennel Property
If you buy a rental property and then deeds it to yourself, the gain is going to disappear as an l l can jen alluded to. It's more rare that someone buys out a rennel to move into it. When he goes to sell the property in two years, his accountant's going to want to go back and deal with this issue of all these built-in gains.
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