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My parents want to gift me between $30,000 and $40,000 this year. What are the rules/laws, the tax implications and what forms do we need to submit to the IRS?
I read that each parent can gift up to $17,000 for 2023. Can this come from my parents' joint account or an account that only has one name on it?
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‎February 23, 2023
5:53 AM