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Financial Planning / Tax Strategies


Subject:  Re: Gift tax question Date:  4/18/2000  7:49 PM
Author:  TMFTaxes Number:  34731 of 127545

<< My husband and I will be the receivers of a gift from a friend. He will be giving us $25,000. How is the best way to handle this situation for all parties? >>

You've already received two excellent responses. If you would like to read more about gift tax issues, check out my various articles in the Taxes FAQ area. In addition, if you are interested in "income shifting" and having your friend contribute stock to one of your minor children, I have an article on that issue also. And, if you decide to go this route, make sure to check out the articles on the Kiddie Tax.

TMF Taxes
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