Posted 3/21/2025 19:19 (#11156833 - in reply to #11156787) Subject: RE: Response from a CPA
0 tax because of step up in basis. brother didnt/doesnt own the sand , you made a gift to him by giving him half. Your are allowed to gift $15000 yr tax free. any more than that per person it can count against lifetime exemption as of 2025 about 12 million gift tax exemption.
question for a CPA (or anyone else)
