selling a gift? (money, income, pay, taxes)

[my54ford]

MODS; this is not an advertisement!
These folks got a free extreme homemakeover a few years ago now there taxs have gone up so they sell the free stuff..... kinda sticks in my craw a bit....

we were given this generator as a gift with extreme home maker. it is way to big for just a house .need extra money to pay higher taxes and other expense. will look at any reasonable offers

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cummins onan 47kw generator (http://minneapolis.craigslist.org/hnp/grd/1668204540.html - broken link)

[lifelongMOgal]

I often wondered how these folks, who are often close to being destitude, could afford the new property taxes on the so-called "gift" of a new home. I've also wondered how they got hit in the form of income tax.

Once a gift is transfered it belongs to the recipient to do with as he/she sees fit. Those giving the "gift" understand that and we should too. Don't have to agree with it but do you have a better suggestion?

That particular generator is a very good one with a retail price well over $18K. With 11 advertised hours it has not even been run through the monthy 1 hr. tests that are recommended. No doubt someone will snatch up that puppy at quite a bargain price.

[my54ford]

Originally Posted by lifelongMOgal

I often wondered how these folks, who are often close to being destitude, could afford the new property taxes on the so-called "gift" of a new home. I've also wondered how they got hit in the form of income tax.

Once a gift is transfered it belongs to the recipient to do with as he/she sees fit. Those giving the "gift" understand that and we should too. Don't have to agree with it but do you have a better suggestion?

That particular generator is a very good one with a retail price well over $18K. With 11 advertised hours it has not even been run through the monthy 1 hr. tests that are recommended. No doubt someone will snatch up that puppy at quite a bargain price.

Yea me! for wayyyyyy less then the price you mention

[lifelongMOgal]

Originally Posted by my54ford

Yea me! for wayyyyyy less then the price you mention

Didn't stick long in your craw did it?