May 20, 2024
10:54:23am
10:54:23am
Ah no I think I misunderstood
If a gift exceeds the annual exclusion limit, the difference is simply subtracted from the person’s lifetime exemption limit and no taxes are owed.
This is a great way for families to build wealth for their children and grandchildren.
This is a great way for families to build wealth for their children and grandchildren.
Originally posted on May 20, 2024 at 10:54:23am
Message modified by YIsForBrigham on May 20, 2024 at 10:55:44am
Message modified by YIsForBrigham on May 20, 2024 at 10:55:53am
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0% financing? Are they paying gift taxes then? I would think they are using a family loan which requires somewhere
May 20, 10:21am
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