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Get your taxes done using TurboTax
You, as the child of the donor, are not a skip person. The GST does not apply.
See https://www.irs.gov/instructions/i709#en_US_2021_publink16784xd0e1608
If a payment (of the type you mentioned) is made directly to a lender on your behalf, a gift has still been made by your parent.
‎July 27, 2022
10:56 AM
1,152 Views