J
Just Me 59
Guest
What is the name of your state? California .. I'm trying to determine the income tax result of selling a 50% interest in my home to an unrelated person and then sharing living there.
1. Does the IRS consider selling 50% but continuing to live there "a taxable event"?
2. If it is treated as the sale of my home, would it be subject to the normal rules for excluding any gain on the sale?
1. Does the IRS consider selling 50% but continuing to live there "a taxable event"?
2. If it is treated as the sale of my home, would it be subject to the normal rules for excluding any gain on the sale?