DavidT0202
Expert Alumni

Get your taxes done using TurboTax

Hi @beth32 

What a wonderful gift!   I need a Mom like you 😄 

You will have to file a gift return, however as long as you have not hit your lifetime limit, $12.06 mill in 2022, then no tax will have to be paid.  

Please see this LINK for more information and a deeper dive in to the gift tax exclusion. 

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