Updated about 6 years ago on . Most recent reply
Do I have to pay gift tax on a discounted house?
My cousin had her house appraised for $275k. She is going to sell it to me for $235k. Are there tax implications that I will have to face as a result of the discount?
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
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Just buy it.....no need for any gift issues here.