- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@johankok wrote:
We are paying cash for the house. Who should I put the house name under
You should consult, in person, with an estate planning attorney and/or a tax professional with experience in gift and estate tax matters.
If you give a gift of more than $15,000 to any one individual in any one tax year, you are required to prepare and file a gift tax return (Form 709).
See https://www.irs.gov/instructions/i709#idm140554828371904
Seek professional guidance.
‎December 10, 2020
8:51 AM