September 26th, 2009 | 
Author: 
steve20423 asked:
I own a building and the basis is $50k. Can I sell it for $75K to my brother who intends to sell it for $200k along with other assets this year resulting in little or no tax for me to pay and smaller tax bill for him to pay?
Is it legal and where can I find supporting information on transactions like this?
Andy
I own a building and the basis is $50k. Can I sell it for $75K to my brother who intends to sell it for $200k along with other assets this year resulting in little or no tax for me to pay and smaller tax bill for him to pay?
Is it legal and where can I find supporting information on transactions like this?
Andy
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might have an answer. It’s a free legal sight.
The beneficial owner and liable for the tax.
The beneficial owner and liable for the beneficial owner and liable for the tax.
For the beneficial owner and liable for the beneficial owner and liable for the beneficial owner and liable for the beneficial owner and liable for the tax.
For the beneficial owner and liable for the tax.