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Reply to "Do you give a gift when your son or daughter gets engaged?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My 25 years old DS recently got engaged and we paid off his wife 100K student loan. We also gave them 750K for a 50% down payment on a home. That was our gift to them.[/quote] Enjoy your tax problem with that! [/quote] Always happy to see someone is aware of this. —a tax litigator [/quote] Why is this a tax problem? Don't they just have to count it towards their lifetime exemption?[/quote]
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