What is the implication if I sell property that has been gifted to me? - Ask TaxGuru

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05-31-2008, 08:11 PM

Kathy is offline

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Join Date: Jan 2007

Posts: 9

What is the implication if I sell property that has been gifted to me?

What is the implication if I sell property that has been gifted to me? Will I have to pay any tax on this property? How should my gain be computed?

Any help would be most appreciated! Thanks!

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