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Re: Vehicle Registration

Posted by LuchAAA on Mon Feb 27 15:06:10 2012, in response to Re: Vehicle Registration, posted by RIPTA42HopeTunnel on Mon Feb 27 13:58:06 2012.

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No, if someone sells property for far below market value, the balance is considered a gift.

Who pays the gift? Won't it be the child who paid $1 and eventually sells the house or just dies leaving it to the estate?

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