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Politics : PRESIDENT GEORGE W. BUSH
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To: Dan B. who wrote (124486)1/31/2001 9:36:09 AM
From: swisstrader  Read Replies (2) of 769670
 
"when someone ultimately pays for a home with their own money, interest included, it is not a gift received at all"

Do you suppose the operative word here is ULTIMATELY??!!...as the AP indicated, at the time the house was paid for by a third party, there was no documentation or talk of a loan, simply rent with an option to purchase...if you were buying a home and someone handed you a check for the purchase, with no strings attached, would you consider that a gift?...the IRS sure as heck does.
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