- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Carl: generally I agree with you. however, it seems that the parents paid for the fix-up from the sales proceeds - after they no longer owned the property. I consider that a gift. if it was more than the exclusion for that year they should have filed a gift tax return. the failure to file such a return may make it difficult for the taxpayer to prove the costs of the fix-up
‎December 25, 2020
12:46 PM