I gifted stocks to my grown children. How do I report those gifts on my 1040? Please be specific in steps to take. Thanks you.
My wife and I would like to gift money to our children, but are not certain how to structure the payments to be in line with the IRS requirements.
How can I add in possible deductions from gifting my children, paying for their housing while away at college and purchasing a condo with my line of credit for 1 child?