Buying home with child
We are purchasing a home for our daughter while she finishes college. She will rent it from us and the plan is to have her purchase it from us when she will be a nurse in a couple years for the amount we bought it for. We will have a lease with her and have agreed with her that we will take the writeoffs until she can buy it. Our question, should we put her on the loan and deed with us at the purchase to get a better rate and avoid capital gains, then we could just quit claim to her and she could refinance to a loan without us? Are there any tax implications to do it one way or the other? We want to to what is best for us and her tax wise and we will have a written agreement in place either way that we claim the depreciation and expenses until she can qualify on her own.