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Money and Finance Because you have to save money to spend it on new paintball stuff!

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Old 06-16-2018, 12:05 AM   #11 (permalink)
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Ah, just read that it was already transferred. That changes things a bit in theory but probably not in practice. Above the gift threshold, certain tax liability goes to the gifter not the recipient. But seeing that there is a lifetime gift exemption of like 5.5 million dollars, she's most likely in the clear. Like I said, I'd talk to a tax pro for sure.
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Old 06-16-2018, 12:36 AM   #12 (permalink)
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I will do just that. For the record, it's under $15k.

I sincerely appreciate the insights, everyone!
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