this is gifting, the receiver inherits the cost basis of the property from the giver. and the giver do not have capital gain or loss.
If they sell for cheap to each other, the cost basis/capital gain would be complicted for giver and receiver. There are tax laws for partial gifts, but it's complicated.
depreciation recapture is not capital gain, not subject to primary residence capital gain exclusion.
Yes, you will have 250 K primary residence capital gain exclusion applied to your capital gain, which is the price sold - price bought by the original gift giver (plus all costs incurred and improved)
常见到，屋主以0元，卖给自己，或自己的亲人？有啥好處呢？
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this is gifting, the receiver inherits the cost basis of the property from the giver. and the giver do not have capital gain or loss.
If they sell for cheap to each other, the cost basis/capital gain would be complicted for giver and receiver. There are tax laws for partial gifts, but it's complicated.
第一，当然受赠者要交税。我说到：receiver receives the cost basis of the property。 也就是受赠者卖房子，交税成本要按照赠与者很多年以前买房的价钱算。
第二，我没有具体经验，我认为，出租房子的所有“成本”都赠与受赠者，包括depreciation recapture的成本。以后卖房子，受赠者要替赠予者交depreciation recapture。
https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/depreciation-on-gift-rental-property/00/951594
当然，房子赠与后，可以用自住，也可以出租，如果出租要重新depreciate，那个后来的depreciation recapture是受赠者的单独的事情。我上面说的是，赠予者以前的depreciation recapture，受赠者不管自住还是出租，卖房时应该由受赠者付。
如果受赠者用来自住，又有250K每人免税额，那么免税额适用不适用于赠与前的增值，这个等你碰到再去研究吧。这么多情况，够开一门课的。
depreciation recapture is not capital gain, not subject to primary residence capital gain exclusion.
Yes, you will have 250 K primary residence capital gain exclusion applied to your capital gain, which is the price sold - price bought by the original gift giver (plus all costs incurred and improved)