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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Tradelite who wrote (83943)8/8/2007 12:07:19 PM
From: Travis_BickleRead Replies (2) | Respond to of 306849
 
Gift tax doesn't kick in until $1m so unless it's a real mansion shouldn't be a prob.



To: Tradelite who wrote (83943)8/8/2007 3:06:37 PM
From: Live2SailRespond to of 306849
 
I figured that it wasn't a problem. Parents helping out is a common occurrence, I'm sure. One of the parents is a banker, so I'm sure everyone is aware of the gift rules.