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Re: Do i need a special form to declare a 1x (tax free) gift from my parents of $510,000 paid directly to the title company as down payment on the house I bought in 2023?
Mike9241
Level 15
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Deductions & credits
No you don't but based on the amount of the gift they need to file gift tax returns.
February 24, 2024
1:39 PM
