To Lease....or Buy?
I have the opportunity to lease or buy a property in Southern California owned by a family member for a quarter of the properties appraised value. The equity generated by such a deal concerns me with regards to the tax implications. I won't go through with this if it means a hugh tax hit. What about the "Gift of Equity"? "Gift Taxes"? are there exemptions from this tax? "Lifetime contribution" amounts????? So confused! Any help would be appreciated!! 
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