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22 August 2021 | 11 replies
Do parents have a will, do they have a trust, what are the tax consequences of gifting you that equity?
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9 June 2013 | 3 replies
I'm asking because my husband and I are about to inherit some property from his mom (shares of a corporation which holds ranch land) and we'd like to know1) How she can get the shares to us with minimal/no tax consequences (should it be put in a trust or should she simply gift shares to us)?
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26 January 2014 | 26 replies
It increased regulations but in many ways was a gift to large health insurance companies...
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26 October 2009 | 10 replies
They have tried to gift, borrow, up the mortage and nothing works.
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26 August 2012 | 0 replies
.$0 expenses for the gifted $30,000 (10%).
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20 April 2014 | 57 replies
Last December, they even included gift cards in the 11% rebate.
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5 January 2014 | 10 replies
My question is, can they just gift this land to me and, if so, what are the tax implications if they do that?
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2 January 2016 | 12 replies
Here's the article: "Low- and moderate-income aspiring homebuyers who have been shut out of the market because of stricter lending requirements may have better luck achieving the American dream through a new 15-year mortgage with no down payment, no closing costs and no credit score check.The loan also allows borrowers to buy down the interest rate — from their own savings, from funds provided by the seller at settlement, from government sources or gift money — lowering their monthly payment to an amount equivalent to a loan amortized over 30 years.The Wealth Building Home Loan, introduced a few weeks ago, is funded by Bank of America and Citi Mortgage and administered by the Neighborhood Assistance Corp. of America (NACA), a nonprofit, HUD-certified housing agency.
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8 November 2016 | 12 replies
But we are running into a problem with gift taxes.
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23 August 2020 | 17 replies
To an outside party, it certainly looks like a taxable gift from you to him if you give him some of the profits from a sale of a property wherein you alone were on title.