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[quote=Anonymous]The reason to stay under the unreportable gift tax limit is that it doesn't use up your lifetime exemption. If you expect to have more than $15M at death, then it's worth trying to work within the parameters of the annual exclusion. The legal way to do this is to create a proper loan document at an applicable Federal tax rate and have your son repay the loan using the annual gift tax exclusion amount you've given him. https://www.irs.gov/applicable-federal-rates[/quote]
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