Announcement

Collapse
No announcement yet.

gift consequences

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    gift consequences

    T/P receives 90k from dad and mom to pay for 60% of condo cost. Does she have any tax consequences because of this gift? dad and mom are not part owners; they provided a "gift letter" to mortgage company. t/p has mortgage for remainder of cost.

    #2
    no consequences

    Gifts are non tax events to the donee.

    Comment

    Working...
    X