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re: Kids Buying First Home
Posted on 10/10/23 at 9:28 am to Aubie Spr96
Posted on 10/10/23 at 9:28 am to Aubie Spr96
quote:No. YOU are liable for gift taxes on any gift you give exceeding $17,000 per person in a tax year. The recipient of the gift doesn't pay the taxes.
Does this mean that I can only give them $17K before it starts counting against their income taxes?
This post was edited on 10/10/23 at 9:31 am
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