Jump to content

Alan

Members
  • Content Count

    3
  • Joined

  • Last visited

  1. So there would be no legal obligation for my dad to do it but he would do it because thats what my uncle would want. So there is an "obligation" but no documentation or anything binding him to do it-just his word.
  2. So technically my dad is using my uncles tax deduction-is that legal?
  3. My great uncle is donating his coin collection worth over a million dollars to charity. He does not want to sell it now he wanted to wait till he dies so he does not have to pay capital gains tax. He wants to know if he gifts the collection to my dad (who is in a high tax bracket) can my dad then turn around and donate it to a charity and take the charitable deduction? My uncle has no income so he has no use for the deduction but my dad does.
×
×
  • Create New...