- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Cash gift to kids in my family
As peras mentioned in https://www.irs.gov/businesses/small-businesses-self-employed/frequently-asked-questions-on-gift-tax..., you do not have to report to IRS if your cash gift is below the $17K amount for the year 2023. If I have been gifting for several years, and this amount would have added to $100K or more. How do I report this to IRS so this amount gets deducted from my total estate?
Thanks
May 12, 2024
7:50 PM