Can a single parent and child jointly own a home to lower capital gains taxes?

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1191224

2026-05-09 01:10

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1) Generally it is very difficult to shift income to a child. 2) Why shift capital gain income anyway, it's the same rate for everyone? 3) Primary residences are exempt from gains, unless something like a million $. 4) Any tax, especially on sale of a residence, can depend much on what you do with the proceeds, and the reason for the sale.

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