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Home » Disposing of House for Less than Fair Market Value
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Disposing of House for Less than Fair Market Value

Feb 13, 2015
Q & A

Q An elderly couple at our assisted site owned a house that their son was living in. Last year, they sold it to him. I understand it was a “sweetheart deal,” allowing him to buy it at very low cost. For recertification purposes, what is the rule about disposing of an asset for less than fair market value?

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