Deductions & credits


@LynnL419 wrote:

Thank you, this made much more sense.  Can I do this on an investment property?  I read you cannot.  


There is no reason, statute, rule, or regulation preventing you from gifting investment property.

 

Only the calculus might be a little different in terms of basis (e.g., whether you claimed depreciation deductions on, for example, rental real estate).