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Real Estate
Reply to "Helping adult kid buying first house"
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[quote=Anonymous]My parents gave us the max gift amount that didn’t trigger taxes for them. I think it was $15k each parent to each child, so they gave us a total of $60k, in four different checks. One thing to note is that you ideally want the money in the account to “ripen” I think they called it. When we got ours and went to use it a week later they made my parents write letters that it was a gift not a loan. If it sits for a certain amount of time it’s just slightly easier. [/quote]
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