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Welcome to JustAnswer – the largest online question and Expert answer site on the Web. When you have Gift Tax questions, ask Tax Professionals for answers. And for customized Tax answers to your Gift Tax questions ASAP, ask one of the Tax Professionals here on JustAnswer.

JustAnswer makes it easy for you to get answers to Gift Tax questions like these:

  • I am filing a Warranty Deed to add a second person to my deed. I am granting them rights to half the property for a $10 consideration.What sort of implications will this have for us at tax time? For example, will there be a gift tax involved for them?Note we will be filing separately.
  • mark said.Tax ProfessionalShe may not be subject to gift tax because of the exemption: What exemption? Her age?
  • Hi!I want to fund a Irrevocable trust fund without incurring gift taxes.My thought was to gift $14 K to the fund and the ask several other relatives and friends to do the same.In turn, I would then re-imburse them the $14k each, since I can give $14k to as many people as I wish?ThanksIs this
  • When a parent takes a distribution to purchase a house for their daughter with cash and put the house in her name how is that handled? Is this subject to gift tax?
  • My father wants to transfer over his assets to me and my brother which amount to about $430000. If he does this will he or me and my brother be subject to a gift tax? Is so how much can he transfer over without being subject to the gift tax?

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