January 4th, 2013, 09:31 AM
|
|
Registered User
|
|
Join Date: Dec 2012
Posts: 4
Time spent in forums: 40 m 34 sec
Reputation Power: 0
|
|
Every year, you can give any person you want as much as $13,000 without any gift tax consequences.
If you are married, the amount you can give to each person doubles to $26,000 since the person receiving the gift can receive $13,000 from each spouse. Gifts can be in the form of cash, stocks, bonds, real estate, or anything else of value. Buying real estate or bonds in the names of one or more other persons is the same as making a gift of that property to them. The value of the gift would be the amount of money you spent to buy the property or the bond.
|
Del.icio.us
Digg
Google
Spurl
Blink
Furl
Simpy
Y! MyWeb
What gifts?
Linear Mode
