« POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: I have to go buy a house for my daughter

By: ribit in POPE | Recommend this post (0)
Wed, 13 Jun 12 10:37 PM | 55 view(s)
Boardmark this board | (The) Pope's for real stock market report
Msg. 60986 of 65535
(This msg. is a reply to 60940 by Decomposed)

Jump:
Jump to board:
Jump to msg. #

decomp
...tax laws will bite him in the azz if he buys a house for his daughter. If he gives her the money she will have to pay tax on it. If he buys one and sells it to her for less than he paid for it, she will have to pay tax on it. If he lends her money at no interest, he will have to pay tax on the amount of interest he could have charged and she will have to pay taxes on the amount of interest she isn't paying. I looked into that on behalf of my younguns.




Avatar

Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!


- - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
Re: I have to go buy a house for my daughter
By: Decomposed
in POPE
Wed, 13 Jun 12 8:45 PM
Msg. 60940 of 65535

BTW, ktc...

Are you BUYING the house for your daughter? Or are you signing on the mortgage's dotted line for your daughter? That's a pretty big difference...

What are home prices like up there? Is it a Boston suburb, or some place else?

There's a small shopping mall coming up for bid in New Hampshire next month. (It includes a decent-sized grocery store, a "Big Lots" type of store, a liquor store, a thrift shop, and a bank). I'm going to be up there and may slip in a lowball offer. That could be interesting!


« POPE Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next