You will have to file a gift tax return, although likely no gift tax will be due (I assume you haven't used your lifetime gift tax exclusion).

Hello BP Forum,I am very new and exploring options to gain education and experience from within the industry.

I'm excited to meet and network with other professionals in the industry.  

Here is something no one has mentioned yet:If you make this industry your business (takes a lot of work), then you can potentially deduct your losses.Not good for this year, but something to think about if you eventually decide you want to do this as a job.

I don't think the bidding is any different (nor the accepted price points) it's just that you have an exclusive period to submit bids without us all cash investors swooping in. 

@Isaiah Lopez, Because you are being re-assigned and have to move you will probably qualify for an exception to the sec 121 Primary residence exclusion.  

I've been in the automotive repair industry in all capacities from owner to consultant... it's past time to move on.Our plan is to diversify our cash and live modestly from rental property.

@Paul VincentI started over a decade ago, when it was a different time and place in the note industry but two things I wish I knew were:1.)

This news just sparked my interest:http://www.reuters.com/article/us-paraguay-brazil-...There are many foreign industries, mainly from Brazil, that settle in Paraguay to produce goods and later export those products to their own country.

Trending currently anyway is industrial, interior metal conduit, open pex pipping.