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If I gift my daughter $100,000 to buy a house, what are the
if I gift my daughter $100,000 to buy a house, what are the tax ramifications for the both of us? … read more
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In 2017 my husband and I gave my daughter ‘s family of three
In 2017 my husband and I gave my daughter ‘s family of three $14,000 gift to each, totaling $42, 000. I am lending my daughter 340,000 loan towards the house purchase as a short term loan with a Promi… read more
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Taxpayer are parents of daughter who bought a second home.
taxpayer are parents of daughter who bought a second home. Purchase price was $2,000,000 three years ago. Current FMV is $2,700,000. Taxpayer wants to gift a $1,000,000 to daughter. Daughter wants to … read more
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Assume all gift exclusions including $5m is used up. Can a
Assume all gift exclusions including $5m is used up. Can a family member (sibling, parent) give another family member money, and make it a taxable event instead of bearing gift taxes? This might be as… read more
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As we discussed before because of my SSI we are leaving the
As we discussed before because of my SSI we are leaving the "gifted money " that my brother in Israel is giving to me out of my name. It is going to be gifted to my daughter then my daughter will buy … read more
Lane
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If my mom passed away in Israel and I am comming into money
If my mom passed away in Israel and I am comming into money from her house being sold do I have to pay taxes on it or report it, I live in New Jersey . My brother who lives in Israel is the one handli… read more
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I am set to receive a cash gift of 48000 by my sister and her
I am set to receive a cash gift of 48000 by my sister and her husband. My understanding is that they can jointly gift me 28000 this year. Can they gift my 18 year old daughter 14000 and my girl friend… read more
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Trying to figure out the gift tax exclusion from one married couple to another. It seems l
Trying to figure out the gift tax exclusion from one married couple to another. It seems like it should be 4 × the $14,000 standard exclusion, or $56,000. What I'm not sure is whether it could all be … read more
Tax.appeal.168
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Hi I am Farah xxxxxx and would like to find out what is the
Hi I am Farah xxxxxx and would like to find out what is the limit amount in dollars I can receive as gift from my housband yearly from France? Few years ago was $100 per year I heard under Obama it ha… read more
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My daughter, a US citizen, lives in Denmark with her husband,
My daughter, a US citizen, lives in Denmark with her husband, a physician. They are hoping to come to the US where he would have to go into a residency program in order to practice medicine in the US.… read more
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Hi, my Mother is selling her house. She wants to give her
Hi, my Mother is selling her house. She wants to give her two daughters $75,000 each from the sale of the house. How can she give (gift) them this type of money while avoiding taxes. My father lives w… read more
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Is there a Gift monetary amount limit given to Son and Daughter
Is there a Gift monetary amount limit given to Son and Daughter re: IRS tax regulations & which publication covers these gift exceptions from taxation liability to donor or recipients. Thank you for y… read more
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Can I gift 14,000 each to my daughter, son in law and grand
Can I gift 14,000 each to my daughter, son in law and grand daughter and also same amounts by my wife and claim exemption from gift tax? do we need to file any form to notigy about our gifts thanks… read more
MequonCPA
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Just some follow-ups here: - As you quoted "Nonresidents
Just some follow-ups here: - As you quoted "Nonresidents not citizens of the United States are subject to gift and GST taxes for gifts of tangible property situated in the United States.", so it means… read more
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I wish to give my daughter some money as a gift from my retirement
I wish to give my daughter some money as a gift from my retirement money. The maximum gift amount is $14,000 a year. What tax implications are there, if any… read more
Phillip B, EA
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Im about to give my niece $150,000 to buy a house. Could
I'm about to give my niece $150,000 to buy a house. Could I use the lifetime gift tax exclusion to avoid paying gift tax on this money or do I have to pay gift tax on anything above 13,000? I'm confus… read more
Robin D.
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My wife wants to transfer money from Brazil to the US from
My wife wants to transfer money from Brazil to the US from her father's account to help with a down payment on a house. I have a few questions on this: 1) Will this money be taxed and what amount are … read more
Megan C
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Master's Degree
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I receive SSI I do not pay taxes my brother and sister want
I receive SSI I do not pay taxes my brother and sister want to share $50,000 with me from the sale of a property. I wwas not named in the sale etc. they can gift $13,000 tax free, to anyone, so they t… read more
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