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by anguilla on August 14th, 2009
I think you would owe capital gains tax if you ever sold the land. Then you would be taxed how much more you sold it for than it was worth when you got it.
How much are we allowed for tax deductible donations?
by Answerbag Staff on July 13th, 2010
| 1 person likes this
How much can be received as a gift and not be reported on taxes?
by Answerbag Staff on July 10th, 2010
| 1 person likes this
I own a car with a clear title and no lien against it. Is there a way to give it to my sister without making her have to pay a gift tax?
by Z-Weezy on August 30th, 2011
| 1 person likes this
Who pays taxes on gifts?
by Answerbag Staff on July 9th, 2010
| 1 person likes this
Are tax donations the primary motivator for generous contributors?
by LEO on February 17th, 2011
| 1 person likes this
You're reading My aunt wants to deed over her wooded property of about 77 acres.....but will i owe capital gains taxes on this if she does....?
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