P
polkarocks
Guest
- Jurisdiction
- California
My mom wants to give me cash & land worth $30k & was advised a gift equity would do both. How does this gift/loan work & what taxes need I consider?
What to understand what happens to the property taxes. Do they go up?
Is there capital gains/basis points involved? Heard about these but not clear if they involve just land or a certain dollar amount etc. Thank you.
What to understand what happens to the property taxes. Do they go up?
Is there capital gains/basis points involved? Heard about these but not clear if they involve just land or a certain dollar amount etc. Thank you.