OK, I understand about the $18,000 annual Gift Tax Exclusion and hope that I don't exceed it. I mis-spoke. for my 2nd question -- I meant to say: If the property is sold below FMV, do I use the FMV for the SELLING PRICE or the actual selling price? I thought that I read somewhere that I had to use the 'stepper-up' FMV as the selling price. Thanks for your prompt responses. -- Rmfrog1
