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re: Gift Tax for a yacht?
Posted on 8/28/13 at 2:28 pm to southernelite
Posted on 8/28/13 at 2:28 pm to southernelite
quote:
Sounds like he's trying to protect it from community property laws?
Yes, this is one of the reasons.
I just want to make sure I cannot get hurt by accepting it in my name. He trusts me extensively, and I can use it as much as I see fit. Unless I am getting hit by the IRS, I don't see a problem with it.
2
Posted on 8/28/13 at 3:06 pm to jsquardjj
quote:
He trusts me extensively
Code for he's your lover.
Posted on 8/29/13 at 10:49 am to jsquardjj
quote:
Sounds like he's trying to protect it from community property laws?
Yes, this is one of the reasons.
So its his bang boat?
Awesome.
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