Real Estate Gift that appreciates after the gift

Real Estate Gift that appreciates after the gift

Forum topic posted in Forum on 12 January 2017| comments
audience: | last updated: 12 January 2017
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I am working with a donor who is considering a gift of real estate.  If we accept the property and sell it, can he take a deduction for the value of the sale price if it exceeds the appraised value?  The appraisal is for $200k.  We think we can sell it for more.  If we do so, could he claim the higher value?

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