The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: re post above estate tax avoidence||Date: 11/19/2009 10:13 PM|
|Author: susan400||Number: 107738 of 122911|
Bill, just to clarify.
I know about the annual gift exclusion 1ike 12,000/ yr or whatever it is now.
But as well, is there a a lifetime big # exclusion?
Or precisely, if someone gifts a 500,000$ piece of real estate,
are gift taxes due on ~489,000?
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