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[quote=Anonymous][quote=Anonymous]Just have them give you money. Why would you take payment from a parent to help?[/quote] We already get the max money as a gift so I did not know I could take more than that legally and without paying taxes. I had heard of the $13M exclusion but then I wonder why would they have the annual limit of $19K? It did not make sense to me. My understanding was that my parent would have to pay tax on anything over the $19K they already give me. The sibling also gets the max gift. Parent wanted to compensate me. OP [/quote]
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