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The Importance of Estate Equalization in Joint Ventures
If you inherit a house that's getting transferred into your name there's no stamp duty. The gain on that property for capital gains tax is $50,000 now when it comes to income Jane if you and the three of you own that property and it produces I'll give it really simple $10,000 a year in rent. Your percentage 33% and 33% or $3,300 would be attributed to your tax return as income with expenses anything else to add on that John? If she already has the property and she is the sole person on the title the horse is bolted and there may need to be some estate equalization because it's all got to do with what's in the
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