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Reload this Page selling my half of property to the co-ower

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Old 02-11-2001, 01:51 PM
starty
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my brother and i joinly own a vacation property in minnesota. the deed is in both of our names. it was a gift from our grandparents. there is no mortgage. i want to sell my half to my brother for many reasons. i need to find a way that i won't get hit with high taxes when i sell it to him. we had discussed paying me in incriments. what kind of taxes do i have to pay? how much will i have to pay? is there any way to avoid paying taxes? the total amount he is giving me is $38,000.
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Old 02-11-2001, 04:35 PM
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