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santafe2

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santafe2

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Re: jbsliverer post# 107169

Sunday, 08/27/2023 9:55:03 PM

Sunday, August 27, 2023 9:55:03 PM

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Anyone can 'gift' you $16,000 a year without that gift incurring any federal tax consequences. Beyond that, anyone can gift you an additional $12MM+ lifetime without federal tax consequences. All state tax levels are different. If someone gifts you more than the $16K limit in a single year it only discounts your federal limit by that amount. Within these limits there are no federal tax consequences.

Rule #1, Don't lose money. Rule #2, read rule #1. - WB.

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