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Author: FoolishKenFool One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: $10,000 GIFT TAX Date: 2/8/2001 9:53 AM
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Do you have to give 1 lump sum per year up to $10,000 or can you you give payments throughout the year up to $10,000 without getting taxed. Ex. Can I give someone payments of $500 or $1000 every month as long as I do not go over $10,000 for the entire year to that person, or do I have to save up the money and give it to them once during the year? Thanks in advance for the help.
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