street
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- Nov 30, 2016
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With the life time gifting ~ 11 million does that gifting also include property, homes etc.? I just would like someone else's take on the regulations of the IRS 709 tax rules etc..
Okay, what I can see land or homes and any property is a legal gifting event. So, you must have to take an appraisal value then use that number against the life time limit (~11 million).
Okay, what I can see land or homes and any property is a legal gifting event. So, you must have to take an appraisal value then use that number against the life time limit (~11 million).
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