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Joint Tenancy and Gift Tax question
My sibling and I acquired a property in California in 2016, with joint tenancy and right of survivorship. My sibling is the primary residing person. We did a total downpayment of 80 K with me doing 20K and sibling doing 60K. Rest of the property amount paid through mortgage. Does any of us have to file a gift tax return and if yes for what amount the gift tax return is to be filed?
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‎June 4, 2019
2:12 PM