Category Archives: 866

Can I buy a house under my name with my parents money without paying tax?

nileeeeeee asked: I live in Virginia and I wanted to know if I could take my moms 300k (whatever amount) and buy a house under my name. I have heard you will be taxed like 30%…. that there is no such thing as free money. How can i get around this tax issue and is [...]

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