taxman33
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It definitely wasn't intended to be a gift that's for sure lol. So I'm good on that one.But yeah I guess my conclusion from this is I won't be able to deduct th...
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Just to clarify, you're not saying that a buyout on inherited property from a sibling is considered gross income for income tax purposes correct?And to your poi...
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Thank you for the reply. I believe you meant to say report it as a negative number and not positive correct?So it sounds like from your response that unless a 1...
Activity Feed for taxman33
- Posted Re: Does this transaction fall under Capital Gains/Loss or Gift Tax? And is filing necessary? on Deductions & credits. December 5, 2024 1:56 PM
- Posted Re: Does this transaction fall under Capital Gains/Loss or Gift Tax? And is filing necessary? on Deductions & credits. December 5, 2024 11:34 AM
- Posted Re: Does this transaction fall under Capital Gains/Loss or Gift Tax? And is filing necessary? on Deductions & credits. December 4, 2024 5:12 PM
- Posted Does this transaction fall under Capital Gains/Loss or Gift Tax? And is filing necessary? on Deductions & credits. December 4, 2024 4:06 PM