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Wife received fidelity stock from parents. we would like to
wife received fidelity stock from parents. we would like to do the same. we have 2 boys 33 and 31 and the value is currently $300k. It appears we can gift each son $15k per year without a tax. Suppose… read more
Robin D.
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My parents want to gift me and my girlfriend a total of 60k.
My parents want to gift me and my girlfriend a total of 60k. But Ive read tax law says the most you can gift one person is 15k. How can we avoid paying taxes on this gift legally… read more
Dr. Fiona Chen
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We are selling a house and would like to give our daughter
We are selling a house and would like to give our daughter some of the proceeds toward the purchase of a house. Is there a way to do this without incurring a large gift tax. I have several possible sc… read more
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I have given to my children, grandchildren, and niece cash
I have given to my children, grandchildren, and niece cash money gifts in 2019 no gifts to anyone exceeded the 15,000.limitation per person. … read more
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I have a family member who is looking to give me a gift of
I have a family member who is looking to give me a gift of cash for a down payment on a house. They originally wanted to contribute $50k or more but are only able to offer $30k and said that the gift … read more
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How much money can I give to my adult children each year
How much money can I give to my adult children each year without them having to declare it and pay taxes on it. I am not declaring it myself. … read more
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My daughter wants to buy my house as I am no longer able to
My daughter wants to buy my house as I am no longer able to make the payments. She plans to get a new loan to cover what I owe on the house. She is a first time home buyer and this will be her residen… read more
Barbara
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I have a 72 year old client that needs the services of a
Hi Barbara. I have a 72 year old client that needs the services of a health aide. She is paying a health aide. She also has a niece that has been taking care of her finances for the past 5 years. The … read more
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How much can I gift cash to my parents? Texas. Nothing yet
I just want to know if I give check of $14000 to each of my parents. Do I have to pay taxes pn that amount?… read more
Chad EA, CDFA®, CFP®
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I am having trouble filling out Schedule A of form 709. My
I am having trouble filling out Schedule A of form 709. My parents (from a joint bank account) gave me and my husband $30K each last year. I am getting conflicting information online on whether they n… read more
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In the summer of 2019, my family and I are planning to move
In the summer of 2019, my family and I are planning to move to from Maryland to California for a year for my work. I am an engineer and a portion of my work is being done in California over the next y… read more
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Lane: Have two Questions: 1. Can a wife and husband each
Hi Lane: Have two Questions: 1. Can a wife and husband each give 15,000 each to Married son and daughter in law (in other words total $60,000) with out any gift tax 2. Suppose they give a loan of 500,… read more
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What is the maximum amount a parent can gift their child per
Hi, what is the maximum amount a parent can gift their child per year? I read it is at 15,000 for 2018 and 2019, is that correct … read more
Tax.appeal.168
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My brother lives with my parents. Since I do not live with
My brother lives with my parents. Since I do not live with my parents, I gave my brother $1,500 a month as my share. I am not planning to claim for my tax return, how should my brother claim on his ta… read more
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We own 2 houses. About 4 years ago we added our daughter and her husband to the deed to our first house. They moved in to do remodeling to prepare it for sell. … read more
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We are signing the deed on some real estate that right now
We are signing the deed on some real estate that right now is the property of my wife and 2 brothers. They are deeding it over to my wife. One brother we are paying his third 60,000 and the other one … read more
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My parents want to do a gradual gift of there home to my
My parents want to do a gradual gift of there home to my wife and I. If I understand the annual gift limit from one couple (my parents) to another couple (me and my wife), they could gift $56,000 of t… read more
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I am a US resident with Belgian citizenship. If I send each
I am a US resident with Belgian citizenship. If I send each year part of my savings to my retired parents in Belgium, do I need to pay taxes on that amount, or file any forms to make sure I comply wit… read more
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