@ErnieS0
Follow-up question: The title company from the home sale disbursed a portion of my funds from the sale (>$15,000) directly to my brother.
1 - Does that still count as a reportable gift event that I need to file on a Form 709?
2 - And it is non-taxable as it's covered under the lifetime gift tax exemption of $11.8 million, correct?
