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Financial Planning / Tax Strategies


Subject:  Rental Property Gift Date:  3/28/2001  6:50 PM
Author:  Ironman2020 Number:  49192 of 127549


My uncle is giving my 2 brothers and I a 4 unit rental property. My idea is to sell it soon after it is transfered to our names, but I also want to minimize my tax burden. Would it benefit us for my uncle to transfer it to just one of us, assuming we would still share the profits? I would like to explore all of the possiblitlies.

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