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QUESTION on PARENTAL help for downpayment

to avoid gift tax liability should you ask for the money two...
buff adulterous stag film
  07/22/19
$30k to each of you and your spouse
dun black woman
  07/22/19
o rly
buff adulterous stag film
  07/22/19
from each parent.
Bespoke At-the-ready Death Wish Menage
  07/22/19
*set of parents
bateful pocket flask persian
  07/22/19
oh $15K per parent, that's right.
Bespoke At-the-ready Death Wish Menage
  07/22/19
No. Not if talking about the same set of parents. $30k i...
bateful pocket flask persian
  07/22/19
or just execute a note back to them with nominal interest
Flesh boiling water
  07/22/19
Even if they go above the gift limit it just deducts from th...
bateful pocket flask persian
  07/22/19
You don’t have to pay taxes if you gift more than $30k...
Translucent cracking church building community account
  07/22/19
Jfc
buff adulterous stag film
  07/22/19


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Date: July 22nd, 2019 4:04 PM
Author: buff adulterous stag film

to avoid gift tax liability should you ask for the money two years in advance so they could give you 30k each year

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38571192)



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Date: July 22nd, 2019 4:04 PM
Author: dun black woman

$30k to each of you and your spouse

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38571195)



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Date: July 22nd, 2019 4:05 PM
Author: buff adulterous stag film

o rly

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38571201)



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Date: July 22nd, 2019 5:42 PM
Author: Bespoke At-the-ready Death Wish Menage

from each parent.

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38571683)



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Date: July 22nd, 2019 5:47 PM
Author: bateful pocket flask persian

*set of parents

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38571710)



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Date: July 22nd, 2019 7:25 PM
Author: Bespoke At-the-ready Death Wish Menage

oh $15K per parent, that's right.

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38572203)



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Date: July 22nd, 2019 5:47 PM
Author: bateful pocket flask persian

No. Not if talking about the same set of parents.

$30k is the gift limitation not the receiving limitation.

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38571708)



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Date: July 22nd, 2019 5:46 PM
Author: Flesh boiling water

or just execute a note back to them with nominal interest

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38571703)



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Date: July 22nd, 2019 5:48 PM
Author: bateful pocket flask persian

Even if they go above the gift limit it just deducts from their estate tax limitation when they die. So they don't actually have to pay tax on it now.

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38571716)



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Date: July 22nd, 2019 8:28 PM
Author: Translucent cracking church building community account

You don’t have to pay taxes if you gift more than $30k per recipient. It just counts toward lifetime exemption if $22m per married couple or $11m single person, and you have to file a form 709. Unless you think you’re going to hit that exemption (highly unlikely), you’re fine giving whatever you want.

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38572525)



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Date: July 22nd, 2019 8:31 PM
Author: buff adulterous stag film

Jfc

(http://www.autoadmit.com/thread.php?thread_id=4307965&forum_id=2#38572545)