[WSBARP] who pays the tax on gain?

[Kaitlyn Jackson]

Cant the parents just quit claim deed the house to the daughter as a gift? 

Sent from my iPhone

> On Apr 9, 2021, at 11:14 AM, Douglas Scott <doug at rainieradvocates.com> wrote:
> 
> 
> Parents buy a house for their daughter.  All 3 are on title, but parents want nothing to do with the house.  Upon the sale of the house the parents don't want any tax liability. How do the parents avoid this and which one of them (or all) get the 1099S?  Is it whoever gets the payment? 
> 
> DOUGLAS W. SCOTT
> Rainier Legal Advocates|LLC
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