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Selling rental property-I have fully depreciated the property. What would be tax implications of selling the property to my ex-wife for $1.00?
I purchased the home for about $65,000 about 35 years ago and current value is about $200,000. I did live in the house for the 1st few years and then again a few years in between. I ex is living in the house paying me rent but now just willing to give it to her. Please advise.
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‎June 6, 2019
3:45 AM