‘Is this a good tax strategy or a sham transaction?’ My mother wants to give me her home. I have a plan to avoid taxes

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‘Is this a good tax strategy or a sham transaction?’ My mother wants to give me her home. I have a plan to avoid taxes

finance.yahoo.com/news/good-tax-strategy-sham-transaction-153700760.html

Dear Quentin,
If my mother sells or gifts me her $800,000 personal residence to me, my understanding is that I also get her adjusted cost basis. If she holds a note for 100% of the purchase price and then gifts me the note, will I end up with current fair market value as my cost…

This story appeared on finance.yahoo.com, 2025-05-27 16:34:00.