My SO's mom is crazy, just to get that out first. She quit her job a few months ago and is currently recovering from a surgery. She wants to sell her house (already agreed to sell to her neighboor) to move across the country to be with other family. We want her to as well. Now she's suddenly worried about taxes from selling her condo. She's saying that she "doesn't want a paper trail" and wants to put the sale in his name to avoid the taxes. She thinks if her name isn't on the sale but she keeps the money, she gets out of the penalty. We don't live there, she's never mentioned selling or renting it to us. No idea how she thinks this is a loophole.
How do property taxes actually apply so we can get her off our case with this?
Submitted January 31, 2018 at 11:17AM by snifterihardlyknower http://ift.tt/2E0N88P
