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"PS. Consider checking with your local IRS….there is something they like about $10,000 gifts to kids…they call it a gift tax. May want to consider $9,999?"

You can file a gift tax return for $10K and incur not tax liability. You can also gift split with your spouse if both are US Citizens and make the gift $5K from each or $20K total and still no tax liability. Since the gift is coming in cash form, there are no concerns about valuation.
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