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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Has anyone mentioned yet that they can't give you over a certain amount (used to be $10k) without you being taxed on it?[/quote] The ignorance on this topic is huge, especially among those who think they know something about it.[/quote] LOL, PP, that's because most people NEVER receive tens of thousands of dollars as a gift on a regular basis. You say this like there's a character flaw for not knowing the financial best practices of the wealthy. Get over yourself.[/quote] Np - then they shouldn’t comment about tax law if they aren’t an expert. That is pp’s point!!! No one needs to give advice to op’s in-laws — I’m sure they are well advised if they have this type of gifting plan in place. No one needs to give tax advice to op — she didn’t ask for it and fwiw, gifts are not taxable income to the recipient. [/quote]
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