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Good point --if family member & under $10K just... (archive)
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Posted by SL on April 30, 2001 at 13:24:28:

In Reply to: They will just charge tax on the book value. posted by Harvster on April 29, 2001 at 22:00:14:

exchange "gifts." If it's a close relative the state revenue people won't even question it IME other than to ask what the relationship is.

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