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Out of this world experience I have to share...and a question.
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<p>[QUOTE="desertgem, post: 1408677, member: 15199"]Using the past tense , he is deceased? Gift donations are not posthumously given. They have to be declared on tax returns the year given, or the person if alive can revise their returns of past years. However, if he is dead, then most likely this throws it into a probate situation. The IRS is very alert for misuse of the Estate Tax and Gift tax regulations to reduce or eliminate taxation. Perhaps all will work out, but I reaffirm my suggestion to get your personal lawyers opinions. I assume also as with most hoarders, there are no records of purchase, so they would be valued as appreciated from face value for estate consideration. I don't like to have to use lawyers as usually it means bad news one way or another, but I think it is important to consider. I think your lawyer would suggest that you not make mention of content, value or certainly no photo. The internet is not truly anonymous.[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1408677, member: 15199"]Using the past tense , he is deceased? Gift donations are not posthumously given. They have to be declared on tax returns the year given, or the person if alive can revise their returns of past years. However, if he is dead, then most likely this throws it into a probate situation. The IRS is very alert for misuse of the Estate Tax and Gift tax regulations to reduce or eliminate taxation. Perhaps all will work out, but I reaffirm my suggestion to get your personal lawyers opinions. I assume also as with most hoarders, there are no records of purchase, so they would be valued as appreciated from face value for estate consideration. I don't like to have to use lawyers as usually it means bad news one way or another, but I think it is important to consider. I think your lawyer would suggest that you not make mention of content, value or certainly no photo. The internet is not truly anonymous.[/QUOTE]
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Out of this world experience I have to share...and a question.
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