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<blockquote data-quote="LittleDudesMom" data-source="post: 599353" data-attributes="member: 805"><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px">You could have your son gift you the money for the next six years (the 5K is not considered income for you and under the amount where your son would have to file a gift return) and then "sell" him the house for the </span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px">consideration of $1" in 6 years.</span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'comic sans ms'"><span style="font-size: 12px"></span></span></p><p><span style="font-family: 'comic sans ms'"></span></p></blockquote><p></p>
[QUOTE="LittleDudesMom, post: 599353, member: 805"] [FONT=comic sans ms][SIZE=3]You could have your son gift you the money for the next six years (the 5K is not considered income for you and under the amount where your son would have to file a gift return) and then "sell" him the house for the consideration of $1" in 6 years. [/SIZE] [/FONT] [/QUOTE]
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