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Do I have to pay capital gain taxes based on fair market value when gifting a rental house to a relative?
Bought rental for $260k in 2013, put $40k in remodeling/repairs. Appraisal came at $382k recently. I'll do a quitclaim deed for $0 and, so far, I have about $45,000 in claimed deductions of this rental.
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‎June 4, 2019
1:38 PM