Jerry C
Level 3

Sorry. I know the gift tax for 2020 is $15,000

The "Equity" Gift tax is different.

I know with the Equity Gifting you can give whatever you want. I also know if it's above the limit (In this case $15,000- since the daughter will be the only 1 on the deed)

I also know there is a lifetime $5.43 Million in gifting so a Form 709 would have to be filed

 

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