What's your son's income other than the gain from the sales of r

If he has no other income, there is a $37K capital gain taxed at 0. Tax planning is depending on a lot of factors and all related.For trust, is it a living trust? As long as it is not irrevocable, it won't impact anything on tax. Only when the person died, the trust starts to put in the person's shoes.

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• 他的Income是年入7万。卖掉此房后，再买新房时，打算设立 Trust，目的是避免任何法律诉讼损害到房产。 -御用文人- ♀ (36 bytes) () 06/20/2015 postreply 14:45:41

• 他只要FILE一个HOMESTEAD 就可以保护房产免于诉讼损害了（50万元上限），免费的，如果找律师，可能收200元（一次性） -AMYMINT- ♀ (0 bytes) () 06/20/2015 postreply 15:51:17

• 谢谢！很重要的信息！ -御用文人- ♀ (0 bytes) () 06/20/2015 postreply 18:28:48