Q: Can I purchase a home for a child as a gift?
A: You can purchase a property for a child as a gift. The IRS has guidelines on ‘gifting’ that you should look up & be aware of, so you can get the maximum benefit possible. Also, contact your Real Estate Agent or Attorney to be sure you ‘do it right’. They will make the process real easy. Now, don’t be ‘cheap’ & try to ‘go it alone’ it could cost you! This is the time to ‘do it right’ !!