A eax question from the extended falily

[Andreas W.]

2 brothers inherited 50% each of 2 properties of different value. They want to swap their 50% shares so that each brother owns 1 property completely. While the properties are of different values, no money gets exchanged. The question is, does the one brother who gives up the more valuable share have to send a gift tax form to the IRS?

[Alecia Loveless]

This will likely eventually lead to resentment from the sibling receiving the lower valued property. 

I'd suggest finding a way to level the playing field.