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gift-tax exemption

Coverage of gift-tax exemption in the Nexus archive.

Earliest in view: Jun 2 · 10:15 UTCMost recent: Jun 2 · 10:15 UTC

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BUSINESSJun 2 · 10:15 UTCMARKETWATCH
My sister, mother and I are giving my son $20,000 toward a down payment. Do we report it to the IRS?
A family consisting of a sister, mother, and individual is providing $20,000 to their son for a down payment. The individual expresses confidence that the gift will not exceed the lifetime gift-tax exemption.