My girlfriend owns a house, but we would like to upgrade. She doesn't have money for the down payment until she sells her house, but for convenience, we would like to buy the new house first before selling hers.
If I put down the full 20% on my own, but she later sends me her half once her home sale is complete, does she get taxed as though it's a gift payment? It's technically for a house purchase, but just after the fact.
Sorry if this has been posted, but I couldn't find anything similar here or on Google.
Thanks!
Submitted August 22, 2021 at 01:13AM by T3hpimpz0r https://ift.tt/3gmZNoN
