We Gift of equity for $20,860 on sale of second home to my daughter..exactly how do i report on taxes to minimize the capital gain?
we gave my daugthter a gift of equity for $20,860.00in sale of second house she lived in ..exactly how to I report this on my taxes to minimize capital gain.
We Gift of equity for $20,860 on sale of second home to my daughter..exactly how do i report on taxes to minimize the capital gain?
You can't minimize the capital gain by gifting some or all of the profit. A gift is not a tax deduction.
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