BobKamman
Level 15
04-13-2024
09:44 AM
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What's missing from this discussion is whether there are any siblings and, if so, how they feel about it.
Withdrawals from the Bank of Mom are clearly not gifts, but the issue for you is whether they are some form of taxable compensation. Some of it appears to be sharing of household expenses. The rest of it falls into a gray area of family transactions that are overlooked most of the time.