@Nona1919 wrote: Am I correct that we need to report the quitclaim via a Form 709 this tax season?
Am I correct that we need to report the quitclaim via a Form 709 this tax season?
Yes, assuming the value of the land exceeds the annual exclusion of $15,000.
See https://www.irs.gov/instructions/i709#idm140554801295904
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