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gift a home to an adult grandchild

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S

sally144

Junior Member
New York,
Can I gift my home to my grandson? Will he have to pay taxes for the house If he gets it for free? What if I sell it to him for a dollar?
Thank You.
Sally144
 


H

HomeGuru

Senior Member
sally144 said:
New York,
Can I gift my home to my grandson? Will he have to pay taxes for the house If he gets it for free? What if I sell it to him for a dollar?
Thank You.
Sally144
Click to expand...

**A: use the Tax Law forum.
 
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