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Get your taxes done using TurboTax
I have never heard of this being applied to spouses giving to children because 1; transactions between spouses are not reported or are reviewable by anyone, 2; private conversations and agreements between spouses are just that - private and cannot be reviewed even with a court order (spousal privilege) and 3; this type of giving from spouses to children is very common and done all the time reguardless of which spouse earned the money. Each spouse gives $15K to stay under the limit. Nothing to worry about.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎September 11, 2021
10:27 PM