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re: Best Approach to Accepting Large Cash Gift? What should I do with it?
Posted on 2/8/16 at 1:35 pm to Green Grass Miracle
Posted on 2/8/16 at 1:35 pm to Green Grass Miracle
You are allowed to receive around $15,000 per year tax free I believe. So if its like $60,000 or so you can just ask him to gift a portion each year.
I'll let others chime in with better answers....
I'll let others chime in with better answers....
2
Posted on 2/8/16 at 1:38 pm to I Love Bama
Can the giver write off the gift on their taxes?
Posted on 2/8/16 at 1:40 pm to I Love Bama
Is $15K a LA state tax rule or fed rule?
This post was edited on 2/8/16 at 1:40 pm
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