Homeowner seeks way around real estate capital gains tax

Will adding son to title increase exemption by $250,000?
Published on Nov 16, 2005

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by CareyBot

DEAR BOB: If I add my 22-year-old son’s name on the deed to my home for a 50 percent share, can he and I each claim the $250,000 profit tax exemption for a total of $500,000, providing we both lived ...