Can My Parents Purchase Property In My Name?
A: Yes, this can be done. Parents may give gifts to children in the form of a home and the parents may be foreign citizens. In fact, foreign citizens may own property too.
This scenario raises a lot of tax implication questions and even some Visa thoughts as well. A CPAs advice should be sought as well.
There may be a twist in it too if you are here on a Visa versus being a US citizen or legal resident.
Similar Posts:
Tags: Property, Property Name
Leave a Reply