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URL:  http://boards.fool.com/tax-consequences-of-selling-gifts-12023084.aspx

Subject:  Tax consequences of selling gifts Date:  2/21/2000  7:13 PM
Author:  wmaddox Number:  29514 of 121354

Wife was given property by sister. Property was transferred into sisters name by mother. Sister gave undivided interest to brothers and sisters. Wife sold her part back to sister for 10k. A quit claim deed was filed. What are tax consequences of selling property.

Thanks,
Will

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