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<blockquote data-quote="trplnkl" data-source="post: 934256" data-attributes="member: 13254"><p>There is an amount ( I forget the exact amount) that one can gift to a child (regardless of the child's age) that is not taxable to the recipient per year. However, if the parent gifting the $$$ files for medicaid within 5 years ( I think) that is still considered into the assets formula for qualifying for medicaid.</p></blockquote><p></p>
[QUOTE="trplnkl, post: 934256, member: 13254"] There is an amount ( I forget the exact amount) that one can gift to a child (regardless of the child's age) that is not taxable to the recipient per year. However, if the parent gifting the $$$ files for medicaid within 5 years ( I think) that is still considered into the assets formula for qualifying for medicaid. [/QUOTE]
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