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Get your taxes done using TurboTax
Thank you.
I read the gift tax information, and if I understand it correctly as long as the value does not exceed the lifetime gift value of $11 M, then my father would just need to submit form 709 since the value of the equity would be over $15k, but not exceed the lifetime threshold. Am I understanding that correctly?
‎February 20, 2020
1:00 PM