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[quote=Anonymous][quote=Anonymous]I have a rental property with my eldest daughter's name one it. When she is in her senior year, we will sell it and that will pay for her college and whatever else she needs. We bought it very cheap and it will net us a lot of money. We bought land years ago in hopes to build our dream home. Well, that never happened but now it is worth a small fortune. That now has our youngest child's name on it. Done. Very easy. Another townhome we bought in the Kentland's in 2001 and are currently renting has our name on it for our retirement. We live in a house that is now worth $900k and it is peaceful enough to live in for a while and a cabin that we vacation our of and sometimes rent when we feel like it.

That was easy enough. [/quote]

We thought we were going to do that, but have spoken to an accountant and we’ve decided to use our 529 money supplement with w2 income.

Why?

1. Capital gains tax is significant
2. Recovery of depreciation is significant .
3. The rental market is gang bangers and in not giving that income stream up.

Instead we are using are rental properties and rolling them all into a 1032 exchange for our eventual retirement home and will take the cap gains exception on our primary.[/quote]

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