Have a Tax Question? Ask a Tax Expert
Hello! I am a CPA here to assist you with your tax questions. My goal is to provide you with excellent service today.
A gift of equity is just like any other gift.
If over $14,000 you will need to file a gift tax return
However, no gift tax is due unless the giver of the gift has given away more than $5.2 million during their lifetime
Is there anything else I can assist you with today? If not, please rate my response as "excellent" so that I may receive credit for assisting you today
Thanks, XXXXX XXXXX the opportunity to assist. I see we were having questions with live chat. If you would, please review my response. If satisifed, rate my response as "excellent" so that I may receive credit for assisting you today. If you have further questions, please reply below.