Message Font: Serif | Sans-Serif
No. of Recommendations: 7
And the comment about being grateful to the person who gave the gift, I couldn't agree more. But I was offended that you left out God. Jesus is my Lord and Savior, and all Gifts come through him.

Don't take the posts personally is my first piece of advice. My second piece of advice, if you want to avoid paying the taxes on the increase in value of the land, at $10,000/acre, gift approximately one acre per year for you and one for your wife to your church. In 30 years or so, you won't have anything left but the land your house sits on, and you won't have paid a dime in capital gains. Maybe you can even have written off the charitable contribution and gotten yourself some tax savings, though that sounds slightly off to me.

Kasha <---lurker on Atheist Fools board and I couldn't help myself ;-)
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.