Looking for some advice. My ex wife is getting remarried and wants to sell her house to my son. House was purchased for approx $170K over five years ago and is worth about $390K today. My son and his wife can afford approx $150K mortgage. She also wants my daughter to get her cut. Is there a way for my son and his wife to buy it for $150K, and my ex wife to give that to my daughter through gifting over the years without major tax implications for any of the parties. I assume she wouldn't have capital gains since it has been her primary residence for 5 years. Gifting over a period of years, owner finance, any of guys have ideas?
