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Investors & landlords
When you say "equity gift", do you mean you paid for the property, but at less than Fair Market Value?
If so, the loss (if any) is based on the price you actually paid (then adjusted for depreciation and improvements), not the 'full' price.
If so, the loss (if any) is based on the price you actually paid (then adjusted for depreciation and improvements), not the 'full' price.
‎June 6, 2019
7:05 AM