I live in the US (a student on an F1 visa) and my dad, who lives in India, is buying a house in India. He wants to register the house in my name, just as a gesture. I am NOT investing any money in the house and I will NOT be getting any income from the house (in the form of rent or anything else). All the income from the house will go directly into my dad's bank account. Only the house will be registered in my name and nothing else.
Are there any implications on US taxes, either now or in the future, because of this? Is it wise for my dad to register it in my name or should I ask him to register the house in his name instead?
Any advice/help is appreciated!