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Brown Cafe UPS Forum
Life After Brown
Advice Needed
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<blockquote data-quote="cheryl" data-source="post: 933511" data-attributes="member: 1"><p>Upstate, if you give your daughter more than $13,000 per year you will probably run into the "gift tax." Since it's a rental property there are probably some tax implications for her too. You, and your daughter, would be smart to talk with an accountant before making any decisions. </p><p style="text-align: left"><span style="color: #464646"><span style="font-family: 'Helvetica Neue'"></span></span></p> <p style="text-align: left"><span style="color: #464646"><span style="font-family: 'Helvetica Neue'"></span></span></p><p><a href="http://www.smartmoney.com/taxes/income/when-to-file-gift-tax-forms-9555/" target="_blank">When to File Gift Tax Forms - SmartMoney.com</a></p></blockquote><p></p>
[QUOTE="cheryl, post: 933511, member: 1"] Upstate, if you give your daughter more than $13,000 per year you will probably run into the "gift tax." Since it's a rental property there are probably some tax implications for her too. You, and your daughter, would be smart to talk with an accountant before making any decisions. [LEFT][COLOR=#464646][FONT=Helvetica Neue] [/FONT][/COLOR][/LEFT] [URL="http://www.smartmoney.com/taxes/income/when-to-file-gift-tax-forms-9555/"]When to File Gift Tax Forms - SmartMoney.com[/URL] [/QUOTE]
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