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Reply to "What is your relationship with parents if they regularly gift you money? "
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[quote=Anonymous]The earlier poster noted it’s about tax strategy really as far as I understand It. My parents generally give their kids whatever is allowed by the IRS each year and each grandkid gets at birth the 5 year gift in the 529. We are a really close family- group text chats, family vacations, have a family business. Super close. I consider myself so lucky. (FWIW it drives my husband crazy). [/quote]
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