Thread: Money Land gifted and Taxes
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Old 07-18-2022, 08:20 AM   #9
ChiTown ChiTown is offline
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Join Date: Aug 2000
Location: Flatlands of Kansas
Casino cash: $-351038
Quote:
Originally Posted by Reroka View Post
Gaffney, outside Spartanburg.

My father gifted me 3.5 acres of land, It's valued right at 100k right now.

Needing to find a septic company or company that will do a perc test on the soil faster than 18 weeks.
Depending upon how the land transfer was set up, you may not owe any taxes. You should definitely consult with an accountant as soon as possible, and they may actually refer you to a Tax Attorney depending upon your situation.
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