I sold my family property in 2023. I want to split the profit from the sale between my two daughters in 2024.
I understand:
Sale of property - Basis and Expenses= Capita gains basis taxed at 15%
Question: Can I gift this profit to my daughters without paying further IRS tax?
Question: This property is in Indiana. I live in Florida. ( no state tax ) Will I have to pay an Indiana Sales tax?
