The Soapbox

fphoo

Joined: 10/05/2001 Posts: 712
Likes: 1075

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For the car, not if the sister and/or mom is married though.


If either is married, they could just say it was a gift to/from both. If both are unmarried, the theoretical gift above the limit could “require” a form to take the amount of the gift off of the lifetime exclusion amount that’s like….$12 million. I don’t even think this is worth the time since we’re talking a couple thousand dollars.

(In response to this post by NJHoo)

Posted: 02/21/2024 at 11:50AM


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