The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Tax consequences of selling gifts Date:  2/21/2000  7:13 PM
Author:  wmaddox Number:  29514 of 124773

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.


Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us