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ypsiCPA

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ypsiCPA

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Re: Undercooked Falafel post# 486

Monday, 09/13/2010 9:20:18 PM

Monday, September 13, 2010 9:20:18 PM

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I think you'll want to talk with a Certified Financial Planner on that one. In addition to income tax on the sale (if owner is a US citizen or resident), there is gift tax to consider.

Putting land or cash into a trust might be worthwhile.
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