Does the IRS consider either of the following a 'gift' by the parent for:
1. Payment of tuition (directly to the educational institution) for law school (or B-school, med school, etc) for a 26 year-old child?
2. Payment of rent/food/clothing (during law school, etc.) for the 26 year-old child?
(would also appreciate the answer if different for a 23 year-old child)
Thank you.
Neil
