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| Subject: gift tax | Date: 6/9/2013 1:43 PM | |
| Author: RBMunkin | Number: 118662 of 134934 | |
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Hi, Is there a way for a mother to give one of her sons $30K in one year without paying gift tax? From my Googling I see that $14K is exempt. But she would have to pay gift tax on the remaining $16K, right? Or is there a legitimate way to avoid that? The tax code is so complicated with so many nuances that I thought I would ask here just in case. Thanks, RB |
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