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To: Cogito who wrote (192393)6/22/2012 5:08:54 PM
From: Bread Upon The Water  Respond to of 541853
 
I think this falls into the category of unearned (windfall) income and will be taxable at the bracket rates for her. But if anyone else knows better enlighten us. l



To: Cogito who wrote (192393)6/22/2012 10:14:59 PM
From: epicure  Read Replies (1) | Respond to of 541853
 
I would think they might aggregate the thing as one "gift"- - you know how the tax man can be...