- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
PLEASE seek local professional assistance in this matter ... gifting depreciated property is complicated to both the giver and receiver especially when you go to sell ... you need to understand exactly how this will be reported on your tax returns. The IRS has strong rules in place to keep people from changing a taxable event into a non taxable event to avoid paying taxes so the gifting must be done properly.
‎October 25, 2020
7:05 AM
2,747 Views