I GAVE MY EX HUSBAND 70K FOR HIS SHARE OF OUR HOUSE AS A BUY OUT. CAN I MAKE IT A GIFT?

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I GAVE MY EX HUSBAND 70K FOR HIS SHARE OF OUR HOUSE AS A BUY OUT. CAN I MAKE IT A GIFT?

No, that would not be considered a gift.

Additionally, there is no tax advantage to gifting money to an individual.

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I GAVE MY EX HUSBAND 70K FOR HIS SHARE OF OUR HOUSE AS A BUY OUT. CAN I MAKE IT A GIFT?

No, that would not be considered a gift.

Additionally, there is no tax advantage to gifting money to an individual.

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