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Depn recapture on gift property.

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    #1

    Depn recapture on gift property.

    If owners of res rental gift it to relative or non-relative, how is depn recapture accounted for?

    Thanx - Ricardo
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    #2
    To the best of my knowledge, all grantor attributes carry to the grantee. I also believe that if a sale by the grantee happens within two years all gain goes to the grantor.
    This post is for discussion purposes only and should be verified with other sources before actual use.

    Many times I post additional info on the post, Click on "message board" for updated content.

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