How does this gift/loan work & what taxes need i consider?

My mom wants to give me cash & land worth $30k & was advised a gift equity would do both. How does this gift/loan work & what taxes need I consider? What to understand what happens to the property taxes. Do they go up? Is there capital gains/basis points involved? Heard about these but not clear if they involve just land or a certain dollar amount etc. Thank you.


Asked over 3 years ago in California
Categories: Tax  Real Estate

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