#7
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Re: Gift tax question
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[ QUOTE ] 100% sure on that? And is there a limit? Hypothetically if I received 100K in 2006 from someone, I don't have to do ANYTHING about it in regards to the IRS. [/ QUOTE ] Yes, I am sure. If you hypothetically gave me more than $12K of your gift, you have to file a form (but not pay any tax) and I have to do nothing. -Tom [/ QUOTE ] Awesome, thank you so much. |
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