I?m getting ready to buy property (without realtors) for 35k. That is what the seller & I agreed to. We are going to a title company to switch the deed, pay the taxes, title search, etc. Would it be legal for me to cut the seller a $1000 check at the title place as the recorded sale price, & then write him another check for $34k later to avoid capital gains taxes for him?
Source: http://www.capitalgainstaxonrealestate.org/answers/selling-property-taxes.html
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