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Reply to "Did you get parental help to buy any houses you own? "
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[quote=Anonymous][quote=Anonymous]I don’t understand those who are just getting 1 million dollars towards a house. There are tax implications. [/quote] I’d have to find the sheet for details but if you don’t want it to count against your estate limits you structure it as a loan with the required minimum interest (very low in 2021) and then forgive the loan (and unpaid interest) at the annual gift tax exemption (something like $72,000/yr from one couple to another right now)[/quote]
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