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Parent gives the rent-free use of the family beach house to adult child. What are the gift tax consequences if: a.
Parent gives the rent-free use of the family beach house to adult child. What are the gift tax consequences if:
a. Child personally uses the beach house?
b. Child rents the beach house to a tenant?
Would your answers depend on whether parent regularly rented the property or used it for personal use?
a. Child personally uses the beach house?
b. Child rents the beach house to a tenant?
Would your answers depend on whether parent regularly rented the property or used it for personal use?
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The gift tax consequences of giving the rentfree use of a family beach house to an adult child can be affected by several factors including the childs ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
