Hours
Mon - Fri : 9:00-5:00
Free Consultation

By

JMTaxLaw
Gifting property can be a way for one person to shift paying tax on gain, but this does not mean that the gain escapes tax free. Under § 1015, a donor may transfer property to a donee, and if there is built in gain with the property, then the done will take a basis in...
Read More