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Replies to #486 on Taxes (TAX)

ypsiCPA

09/13/10 9:20 PM

#487 RE: Undercooked Falafel #486

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.