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Coral Springs Florida Form 709: What You Should Know
You must also itemize tax on those large transfers of realty that exceed a 1 million transfer, at a cost of 10% or 100,000, whichever is greater. For the 2025 tax year, the effective cost of a 1 million transfer would be 50,000. This applies to gifts made for life — not inherited. 8 Oct 2025 • If you are planning on selling your home and will be transferring a substantial amount of money (in cash or appreciated equity), you can use our free appraisal software to estimate the cost of a transfer and the cost of an inherited home. The software is also available for rental or sale for 49 plus S&H. (Click here.) 9 Dec 2025 • If you are planning to sell your new home, or you are planning on moving your real estate to a new location, we can help you estimate the cost of a transfer and help you identify the properties to be sold. All sales are first priced for you, whether you are selling alone or in a group. This includes single family homes and condos that have been on the market within the past year or at least 30 days. Our appraisers compare the value of our homes with similar properties in the area, and with market values of properties similar to yours.
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