San Diego Housing Market News and Analysis
How does 2nd home get treated with respect to taxes?
User Forum Topic
Submitted by sd92128 on November 9, 2012 - 8:20am
Needing to buy a second home and let my parents live in there for their retirement years.
How should I structure the deal for the least tax liability?
Should I buy it as an 2nd home and let my parents live in it? How do I treat when I file my taxes?
Should I bug it with my parents on the deed, they pay for the mortgage, and they deduct it as primary residence?
What's the best option?
~Active forum topics~
~SD Home Price Snapshot~
|* Investment advisory services and securities offered through Girard Securities, Inc., member FINRA and SIPC. Investment advisory services also offered through Crawford Capital Management, Inc. Pacific Capital Associates and Crawford Capital Management, Inc. are not affiliated with Girard Securities, Inc.|