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re: Best Approach to Accepting Large Cash Gift? What should I do with it?
Posted on 2/8/16 at 2:10 pm to lsupride87
Posted on 2/8/16 at 2:10 pm to lsupride87
quote:
First, you don't have to pay any taxes on any gift ever. Thats the relative's responsibility.
=/=
quote:
Under special arrangements the donee may agree to pay the tax instead.
Posted on 2/8/16 at 2:12 pm to TheOcean
quote:He doesnt. He can agree to pay the tax, but in no way shape or form will he be required to do so
=/=
Posted on 2/8/16 at 2:13 pm to TheOcean
Both those statements can be true. I'm not sure what you are trying to prove.
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