The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: gift tax||Date: 6/9/2013 3:23 PM|
|Author: TMFPMarti||Number: 118664 of 121097|
Is there a way for a mother to give one of her sons $30K in one year without paying gift tax?
Above $14,000 from one person to one person a gift tax return would be required, but that doesn't necessarily mean that gift tax would be due. See the explanation of the unified credit in the 709 instructions.
I really recommend hiring advice when one gets into estate/gift tax territory.
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