Comments on: My Parents and I Own a Rental Property. How Will Taxes Be Assessed When the Property Is Transferred to Me? http://pixseo.com/blog/my-parents-and-i-own-a-rental-property-how-will-taxes-be-assessed-when-the-property-is-transferred-to-me/ SEO dedicated for realtors to generate a storm of inquiries Fri, 12 Nov 2010 16:08:48 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Brad http://pixseo.com/blog/my-parents-and-i-own-a-rental-property-how-will-taxes-be-assessed-when-the-property-is-transferred-to-me/comment-page-1/#comment-345 Brad Sat, 12 Jun 2010 00:36:51 +0000 http://pixseo.com/blog/my-parents-and-i-own-a-rental-property-how-will-taxes-be-assessed-when-the-property-is-transferred-to-me/#comment-345 You have to give respect, to earn it. You have to give respect, to earn it.

]]> By: v b http://pixseo.com/blog/my-parents-and-i-own-a-rental-property-how-will-taxes-be-assessed-when-the-property-is-transferred-to-me/comment-page-1/#comment-344 v b Thu, 10 Jun 2010 16:18:21 +0000 http://pixseo.com/blog/my-parents-and-i-own-a-rental-property-how-will-taxes-be-assessed-when-the-property-is-transferred-to-me/#comment-344 Too good to be true. If they gift the property to you, you get their basis *and* their 1250 gain (this is actually "unrecaptured" 1250 gain, recaptured depreciation is something else). If they die and leave you the property and it's not 2010, you get the step up and start over. Too good to be true.

If they gift the property to you, you get their basis *and* their 1250 gain (this is actually “unrecaptured” 1250 gain, recaptured depreciation is something else).

If they die and leave you the property and it’s not 2010, you get the step up and start over.

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