I have a rental property with co-owners and plan t...
julieaitkin
New Member

I have a rental property with co-owners and plan to buy out some of the co-owners in the future. How would this transaction be treated for tax purposes?

I own a rental property with my spouse and parents (everyone has 25% ownership) In 5 years my spouse and I plan to buy out my parents' share so that my spouse and I own 50% each. How is this transaction treated for tax purposes for all of the parties involved?