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Reply to "Can I afford a 1.8M house?"
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[quote=Anonymous][quote=Anonymous]Don’t have her pay $2k a month. You don’t want to have pay taxes on the “rent”. Just have her give you each up to the annual gift tax exclusion. [/quote] Actually the best way is for mom to directly pay the school 24k for tuition. No gift tax and no tax on rent income. Other ways would include directly paying for some household expenses. [/quote]
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