回复：Gift tax vs Estate Tax vs Capital gain tax

There are 3 options -

1) Your parents sell the house to you at market price
They don't need to pay tax for $500k gains since it is their primary; No tax for any one; your base is the new price but you need to pay higher property tax since the property tax in CA is "grandma" rule.

2) Your parents keep it or add your name now. When they pass away, you'll get the title. The new property value will be partial of estate (you may reduce it by "gifting" yearly with $28k if both of your parents are alive now; there maybe potential estate tax depending on your parents' asset. Per CA's new law, you'll pay same property tax as your parents do.

3) Your parents "gift" the whole house to you. Since it is over $140,000, there will be gift tax for your parents.

I suggest option 1 if your parents are old; or option 2 if your parents may live another 20 years (not scientific #, just a rule oif thumb). As always, consult a CPA on tax related issues.

Have a great weekend!

 

所有跟帖： 

• 第一条不行, 已经空置五年了，就没有那个$500K免税额了。 第二条，要交$360K+ 的遗产税。 第三条， -湾边C- ♂ (33 bytes) () 08/20/2013 postreply 16:51:07