Interesting, so you're saying that if you bought a nephew a plane ticket if would be considered a gift as far as gift taxes are concerned (likely under the $18K reportable limit of course). Since its not an exception?I believe that your example of directly paying the college is 1 of the exceptions Along with paying medical expenses that Are not considered gifts for gift tax purposes.
Statistics: Posted by dorster — Sun Aug 11, 2024 1:37 pm