PATCAR
Mar 13, 2013, 10:03 AM
I am being bought out of a rent stabilized apartment. Can I have the payment made out to my mother - who is a senior. I was told that seniors would not have to pay the capital gains taxes? She also lives with me but is not on the lease. Can I have the landlord payy me in cash to avoid the tax issue.
If I have the check made out to the lawyer will he incur penalties? Can I have it made out to a friend who is a senior?
Thank you.
If I have the check made out to the lawyer will he incur penalties? Can I have it made out to a friend who is a senior?
Thank you.