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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).
‎October 16, 2019
9:24 AM
6,216 Views