Updated over 5 years ago on .
Most recent reply
presented by
1031 gift to family?
My Father in Law has 5 properties that purchased from 1974 to 2000. They are in a 1031. He offered to sell us the oldest, a 1974 cabin in Tahoe City, but then changed his mind because of taxes. Can he gift it to his daughter to avoid capital gain taxes? What would be our tax basis?