We at BuyWisconsinLand.com think land is a fantastic Christmas gift. Check out our website for great wooded hunting acreages and recreational properties.
However, if you already have a property that was a gift, that is property given to you from someone living (not left to you in a will) and you want to sell that land, there are tax consideration you need to be aware of. This article from by William Perez from About.com should give you some insight.
However, if you already have a property that was a gift, that is property given to you from someone living (not left to you in a will) and you want to sell that land, there are tax consideration you need to be aware of. This article from by William Perez from About.com should give you some insight.
People often end up owning real estate and other property when the original owner has given that property to them. Transfers of property given before the original owner dies is called a gift. Recipients of gift property have different tax consequences than recipients of inherited property.Hope you get your shopping done soon!
Full Story Selling Gift Property
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