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    gw3456's Avatar
    gw3456 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Aug 4, 2011, 11:13 PM
    How to hide realestate property
    Is it possible to hide realestate property that's paid for from crediters
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Aug 5, 2011, 03:26 AM

    Give it to someone else.
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
    current pert
    		  
    #3

    Aug 5, 2011, 06:31 AM
    Even giving it away ain't that simple, because the IRS doesn't look kindly on it, and will impose a gift tax at market value. You could talk to a tax lawyer about incorporating and hiding it in the company or some such maneuver, but the laws are always catching up to slimy tactics.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #4

    Aug 5, 2011, 07:08 AM
    Quote Originally Posted by gw3456 View Post
    is it possible to hide realestate property thats paid for from crediters
    Hello gw:

    Sure, it's possible. It's also FRAUD. They put people in jail for that.

    excon
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