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Updated over 9 years ago on . Most recent reply

Lori Vines's profile image
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Lori Vines
  • Involved In Real Estate
  • from Austin, Texas
  • Member since Jul 11, 2014
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Lori Vines's profile image
Lori Vines's profile image
Lori Vines
  • Involved In Real Estate
  • from Austin, Texas
  • Member since Jul 11, 2014
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Lori Vines
  • Involved In Real Estate
  • Austin, TX
12
Votes |
46
Posts
Tax, SDIRAs & Cost Segregation

Giving a home to a non family member, are there tax implications?

Lori Vines
  • Involved In Real Estate
  • Austin, TX
Posted

situation: Friend is considering giving another friend a house, they have no family relation (but are close like family-obviously) ..... before proceeding they're both asking if there is a gift tax or any tax implications that the new owner will 'inherit' with this gift?  Home is in Texas.

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Lori Vines's profile image
Lori Vines's profile image
Lori Vines
  • Involved In Real Estate
  • from Austin, Texas
  • Member since Jul 11, 2014
Connect

User Stats

46
Posts
12
Votes
Lori Vines's profile image
Lori Vines's profile image
Lori Vines
  • Involved In Real Estate
  • from Austin, Texas
  • Member since Jul 11, 2014
Connect
Lori Vines
  • Involved In Real Estate
  • Austin, TX
12
Votes |
46
Posts
Lori Vines
  • Involved In Real Estate
  • Austin, TX
Replied

Brandon you are my CPA!

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