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| Could an individual,before death, sell only 50% of their personal residence to their child and take the full $250,000 exclusion?
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Member
 
Group: Forum Members
Last Login: 7/16/2008 8:58:40 AM
Posts: 28,
Visits: 83
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| You should be able to this as long as the interest sold is not considered a remainder interest. The interest sold should be rented back to the selling tenant and treated by the buying party as an arms-length transaction. I would refer to Reg 1.121-4(e)(1) & (2).
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