Community
:
Discussions
:
Taxes
:
Deductions & credits
:
I’m selling a foreclosure property to my son. I paid 120,000 for it. I’m selling it to him for 240,000 and gifting him $85,000 In equity. What’s the tax consequences?
myjdembarq
New Member
Mark as New
Bookmark
Subscribe
Subscribe to RSS Feed
Permalink
Print
Report Inappropriate Content
I’m selling a foreclosure property to my son. I paid 120,000 for it. I’m selling it to him for 240,000 and gifting him $85,000 In equity. What’s the tax consequences?
December 4, 2020
9:26 AM
