http://disqus.com/by/seanbayley/enTue, 25 Aug 2009 20:02:16 -0000http://mikecandoit.com/real-estate-blog/this-home-raffle-did-work/#comment-15386827<p>To avoid the income tax problem they just have to give the winner life tenancy. This means the nonprofit will get the house back when the winner dies. If the winner sells the house while he is the tenant he will only owe a capital gains tax, unless the state where the house is located allows for a one-time primary residence exemption.</p>seanbayleyTue, 25 Aug 2009 20:02:16 -0000