[WSBARP] Capital gain tax on gift of equity

Craig Blackmon craig at lawofficeofcraigblackmon.com
Tue Apr 20 16:56:31 PDT 2021


'Mates, seller gifts $20k in equity to buyer. Does the seller owe capital
gains tax on that $20k?

Thanks for any insight you can provide.

Craig
Craig Blackmon, Attorney at Law
<https://www.mywsba.org/PersonifyEbusiness/LegalDirectory/LegalProfile.aspx?Usr_ID=000000029240>
92 Lenora St. #8, Seattle WA  98121
Office/Cell: (206) 369-5949
On the blog: How to Read (and Understand) a Title Report
<http://seattlepropertylawyer.com/blog/how-to-read-and-understand-a-title-report>
    <https://www.fsbolawyers.org/>
CONFIDENTIALITY NOTICE: This communication is a private, confidential
electronic communication encompassed by 18 USC 2510. It is for the sole use
of the intended recipient and receipt by anyone other than the intended
recipient does not constitute a loss of its confidential or privileged
nature.  Any review or distribution by others is strictly prohibited. If
you are not the intended recipient please inform the sender and destroy all
copies.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbarp/attachments/20210420/22ba880e/attachment.html>


More information about the WSBARP mailing list