I currently live in a house (alone) that’s worth $500k. Want to buy a $700k house that my parents would move into with me. My parents want to cover the $200k difference that I will need to afford this new house. What is the best way for them to give me the $200k?
Can they simply write me a check? Will this count as income for me when I do taxes? Is it better to buy the house “together” and have them be on the title?
TIA
Submitted July 08, 2024 at 12:52AM by Deep_Cardiologist480 https://ift.tt/nlSbyo2
