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Strategies & Market Trends : Retirement - Now what? -- Ignore unavailable to you. Want to Upgrade?


To: Drygulch Dan who wrote (121)5/11/2005 12:18:20 AM
From: GraceZ  Respond to of 288
 
What are the implications of attempting to sell a capital asset like a house at a price below prevailing market to someone in the family?


IRS considers this a "bargain sale" and so is considered part sale and part gift.