USA Inheritance/gift


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Situation:

Parent dies. Parent leaves 2 heirs 50 percent each a non residential property valued at $200,000.

-Heir #1 gifts Heir #2 their 50% of property.
-Heir #2 gifts Heir #1 $100,000.

Is this legal? Is this a sale of property as opposed to gifts??
 
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kirby

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If you would like someone in the forum to assist you, you really need to expand the above question so it is more understandable as to what you are asking.
 

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