488649
Please remember no money passed hands. All docs. were signed and stamped.
You'll need to sign in or create an account to connect with an expert.
This would be considered a gift to your son.
A gift of over $14,000 (does not have to be cash, can be a home) in 2017, requires a Gift tax return.
A gift return can be filed (without having to pay tax) using up part of the Estate tax exemption.
I would consult with an Estate tax expert.
This would be considered a gift to your son.
A gift of over $14,000 (does not have to be cash, can be a home) in 2017, requires a Gift tax return.
A gift return can be filed (without having to pay tax) using up part of the Estate tax exemption.
I would consult with an Estate tax expert.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
owlnal063
Level 1
dlam123
Level 2
mjlresources
New Member
PoconoRick
Returning Member
sweetduckie1983
New Member