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Reply to "adults who live off their parents' money secretly annoy me (and i don't understand them)"
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[quote=Anonymous][quote=Anonymous]I think the $13k is an annual gift, but the $1 million is a one time gift under the gift tax? That's just the way it was explained to me.[/quote] You can give up $13k per year per person, up to $1 million in your lifetime per person without incurring gift tax.[/quote]
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