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?
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