Author Topic: Co-ownership/Tenancy in Common and selling or gifting ownership portion  (Read 698 times)

jeromedawg

  • Walrus Stache
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  • Age: 2019
  • Location: Orange County, CA
Hey all,

Was just curious what is all entailed if we are considering gifting or selling our portion of ownership in a condo we co-own with my parents fully to them.
On paper they own 75% and we own 25%. Is there a way for any of this to be excluded from taxes or capital gains like gift exclusions etc?