Giving or Receiving a Down Payment Gift? Here Are the Tax Consequences
Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...
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I want to transfer up to $250k to help my child with a down payment on their house - what's the most tax-efficient way?
Helping a child buy a home without triggering Gift Taxes can be a daunting task without some strategic planning.
Liz Weston: Youngest brother was left out of aunt’s will. How much can we share with him without tax penalty?
My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know most states don’t have inheritance taxes, but since he won’t technically be ...