Tag Archives: Why would you sell your house to yourself for $1 dollar

Sell House For 1 Dollar

Sell House For 1 Dollar Sell House For 1 Dollar Yes, it is possible to sell a house for $1. However, this can have significant tax implications, particularly if the sale is to a family member. The IRS generally considers the difference between the fair market value of the property and the sale price as a gift,… Read More »