Parents selling house and giving me the money so i can buy a house. What is downside of doing this?
Monday, December 7th, 2009My parents want to sell their house (CA) and give me the money (200k) so i can buy new house. What is the downside of doing this? Do i have to pay taxes? Will they have to pay taxes? Also, they are retired and currently receiving social security, medicare, low income subsidy. How will this [...]