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re: Kids Buying First Home

Posted on 10/5/23 at 10:23 am to
Posted by gpburdell
ATL
Member since Jun 2015
1425 posts
Posted on 10/5/23 at 10:23 am to
quote:

Let’s say he wanted to give $50k? All good or no?


All good but the giftor would need to file Form 709 to report $33k to be applied to their lifetime gift exemption.
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