Comments on: I pay $60K to remodel a home before I buy it from my decest Grandma’s trust can the trust give me $60K taxfree http://www.homeimprovementproducts.net/blog/home-improvement/i-pay-60k-to-remodel-a-home-before-i-buy-it-from-my-decest-grandmas-trust-can-the-trust-give-me-60k-taxfree/1331/ Home improvement products, techniques and ideas Thu, 01 Jul 2010 11:12:08 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: godged http://www.homeimprovementproducts.net/blog/home-improvement/i-pay-60k-to-remodel-a-home-before-i-buy-it-from-my-decest-grandmas-trust-can-the-trust-give-me-60k-taxfree/1331/comment-page-1/#comment-1350 godged Tue, 12 Jan 2010 03:31:51 +0000 http://www.homeimprovementproducts.net/blog/home-improvement/i-pay-60k-to-remodel-a-home-before-i-buy-it-from-my-decest-grandmas-trust-can-the-trust-give-me-60k-taxfree/1331/#comment-1350 <a href="http://mycaffeinatedcontent.com">Caffeinated Content</a> This doesn't sound right at all, lenders use appraised value all the time and it doesn't go off purchase price at all. You need to check with a CPA, but I highly doubt the trust can gift you 60k without a tax implication. It will count as income, and you will be taxed at whatever rate is applicable to your situation. Caffeinated Content

This doesn’t sound right at all, lenders use appraised value all the time and it doesn’t go off purchase price at all.

You need to check with a CPA, but I highly doubt the trust can gift you 60k without a tax implication. It will count as income, and you will be taxed at whatever rate is applicable to your situation.

]]> By: zeb6219 http://www.homeimprovementproducts.net/blog/home-improvement/i-pay-60k-to-remodel-a-home-before-i-buy-it-from-my-decest-grandmas-trust-can-the-trust-give-me-60k-taxfree/1331/comment-page-1/#comment-1349 zeb6219 Sun, 10 Jan 2010 12:40:11 +0000 http://www.homeimprovementproducts.net/blog/home-improvement/i-pay-60k-to-remodel-a-home-before-i-buy-it-from-my-decest-grandmas-trust-can-the-trust-give-me-60k-taxfree/1331/#comment-1349 <a href="http://kansieo.com/members">Caffeinated Content for WordPress</a> Retain a tax lawyer, it's good to have one, and ask that person. Caffeinated Content for WordPress

Retain a tax lawyer, it’s good to have one, and ask that person.

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