Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

(10,599 posts)

1. Anything More Than 20% Below Appraisal Is Risky

Mon Dec 14, 2020, 07:41 PM

Dec 2020

I'd keep it under a 20% reduction, otherwise you run the risk of the IRS deciding it was an illegitimate Related Party transaction.

Edit history

Please sign in to view edit histories.

0 members have recommended this reply (displayed in chronological order):

10 replies

= new reply since forum marked as read

Highlight:

Fair price sell house to daughter? [View all] 3Hotdogs Dec 2020 OP

Anything More Than 20% Below Appraisal Is Risky sfstaxprep Dec 2020 #1

Zillow & Realtor.Com Are Famously Unreliable At Times sfstaxprep Dec 2020 #6

Don't Forget About The Annual Gift Allowance sfstaxprep Dec 2020 #4

Not enough info FBaggins Dec 2020 #5

Daughter stays upstairs, rent out downstairs... turtleblossom Dec 2020 #9

You can decide what's fair Cicada Dec 2020 #10