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#265 - Tax Implications of Gifting Real Estate.Parents can gift a property to their child or children for the full value, less than market value or for no consideration at all. Each option has its own risks. Gifting real estate property to family can help them save on estate tax and get a fresh start. Here's how to do it right. If the property is jointly owned by your parents, they each may have a capital gain tax liability if they gift the property to you and or your siblings.
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