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When the property is sold you will have to use as your cost the same amount your father paid for the property when he purchased and not receive a step up in value. This could mean you would pay more in tax on the sale.
If you inherited you would be allowed to count as the cost the fair market value of the property on the date your father passes away. If you sold with in the same year you would most likely have no gain which would mean no tax on the sale for you.
That is the difference in selling a gift and selling property one inherits.
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