Sorry for your situation.
I can't speak to anything else, but I can tell you from 1st hand experience that you don't have to claim any taxes on gifts if it's below $18K. My grandfather has gifted the entire family $10K a year for the past 10-15 years and none of us have ever had to claim it on our taxes. So you should be in the clear on that part. Good luck!
I can't speak to anything else, but I can tell you from 1st hand experience that you don't have to claim any taxes on gifts if it's below $18K. My grandfather has gifted the entire family $10K a year for the past 10-15 years and none of us have ever had to claim it on our taxes. So you should be in the clear on that part. Good luck!
Statistics: Posted by Sublefty — Tue Jun 25, 2024 2:50 am