Quote:
Originally Posted by mulligan
Be careful about adding your name to the deed. You may run afoul the IRS.
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To clarify Mulligan's point, if your name were added to the deed, the cost basis for your determining capital gains would be the original purchase price vs. the market value at the time you might inherit the property. The second consideration is if your name were on the deed, any future personal judgments against you may also be applied to the home that your parents own. This might stem from an auto accident or other liability situation. Renewing your guest pass every 30 days seems like it might be easier.