[4_2_it]

KKF,

There are ways to structure this so that both you and your parents can win. Talk to either tax attorney or a CPA. Depending upon your particular situation, I can think of a few things that might apply, but you will need to speak with someone who knows state as well as Federal law to make sure everything is properly set-up. Based on the potential savings, spending a couple hundred up front is well worth it.

There are trust vehicles your parents can set up that might work here.