- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
Oh one more thing. Your parents will also need to file IRS Form 709 - Gift Tax Return with the IRS since the value of the gift given in one tax year exceeds $15K. Don't let the name of that form fool you either. They will *NOT* pay taxes on what they gifted to you. But by law they are "required" to report it to the IRS since the value exceeds $15K.
‎November 23, 2019
6:46 AM