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Adult Children
Reply to "Buying Property for Young Adult Children"
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[quote=Anonymous][quote=Anonymous]to the person, above, whose in-laws bought them a 2M+ home after the wedding, and gave the dh (their son) 500k, how do you do this and avoid taxes?[/quote] taxes are paid by the gift giver, not the recipient, and the lifetime gift tax exclusion for givers is very high. Like $11 million or so.[/quote]
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