4 ms·
I wonder if the IRS will hit the heirs with a huge gift tax? EDIT: if you sell/rent something much below value it can be considered a gift. And tax authorities
by lixtra 8y ago
I wonder if the IRS will hit the heirs with a huge gift tax?
EDIT: if you sell/rent something much below value it can be considered a gift. And tax authorities regularly do so.
- zdragnar 8y agoShe rented, not owned. It was under rent control. Why would the estate owe the IRS money?
- tyingq 8y agoIn NYC you can't will the rate, though you can transfer control while you're alive. See my other comment with a link: https://news.ycombinator.com/item?id=19660261 https://news.ycombinator.com/item?id=19660261