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Retirement tax questions
@jdjz9705 wrote:
I just want to avoid being taxed. It will be a future transaction as a gift from family.
Gifts are not taxable to the recipient in the US.
If the IRS gets the idea that these financial transactions represent taxable income of some kind, you should have records to rebut that assumption. The issue that more concerns me is that if you go out of your way to change the appearance of the transactions, you could get into additional trouble rather than avoid trouble.
‎August 12, 2024
11:59 AM
22,317 Views