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Estate Tax Federal Tax Law

ProPublica: How real estate developers can avoid gift taxes

July 12, 2017
Picture of New York City and Rockefeller Center, NY, by Florian Giorgio via Unsplash.

From ProPublica: “Here’s How Trump Transferred Wealth to His Son While Avoiding the Usual Taxes.” Eric Trump bought the two condos on the two top floors of the Trump Parc East building at 100 Central Park South for $350,000 each. Trump Organization filings show that, as of February 2016 β€” two months before Trump sold the apartments to Eric β€” the condos were priced at $790,000 and $800,000.…