Best Answer

1) Generally it is very difficult to shift income to a child. 2) Why shift capital gain income anyway, it's the same rate for everyone? 3) Primary residences are exempt from gains, unless something like a million $. 4) Any tax, especially on sale of a residence, can depend much on what you do with the proceeds, and the reason for the sale.

User Avatar

Wiki User

2006-04-08 03:41:23
This answer is:
User Avatar
Study guides

US Civil War

18 cards

Why were poll taxes created

What is a graduated income tax

What sparked the beginning of the Civil War

When Abraham Lincoln was elected president what was the result for the southern states

See all cards
178 Reviews

Add your answer:

Earn +20 pts
Q: Can a single parent and child jointly own a home to lower capital gains taxes?
Write your answer...
Still have questions?
magnify glass
Related questions

What will be the 2007 earned income credit amount per child?

Income eligibility guidelines for 2007 tax year are: * Families with one child ($33,241 single parent) * Families with one child ($35,241married filing jointly) * Families with two or more children ($37,783 single parent) * Families with two or more children ($39,783 married filing jointly) * Single workers without children ($12,590) * Married workers without children ($14,590) * Investment Income Limit: $2,900 or less

What is single parent family?

A single parent is the absence of one parent in the child or children life it could be mother or father.

Should a single parent stay at home with their child?

Im not sure. The husband might come looking for you (no offense or anything). I did. But I was the child not the single parent.

Are same-sex married couples permitted to adopt children in Wyoming?

Although a single gay person is allowed to adopt a child, it is unclear whether a same-sex couple can legally adopt (either jointly or "second parent") a child in Wyoming.

Causes of Single-Parent Families?

Most single-parent families are a result of divorce, spousal death, or a child being born out of wedlock.

As a single parent can you get your child baptized?

Yes, absolutely; if you intend to raise the child catholic that is no problem.

Which term describes a family in which only one parent lives with the child or children?

single-parent family

On sims life stories can a single parent adopt a child?

Yes :)

Di single parents required to pay child support?

Most single parents do not pay child support. The absent parent pays the child support.

Can a single parent ask for more child support if the other parent is remarried?

Yes. Marital status of a non custodial parent has no bearing on the amount of child support he or she is required to pay.

What if you get served with child support and the parent serving it has a job and makes more then minimum wage?

Both parents are jointly responsible for their child's support. Your share will be based on a percentage of your net income.

Can you join the military if you are single with a child if the other parent is already enlisted?


People also asked