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byrdieglenn
Guest
What is the name of your state? Michigan
A gift tax question. If my wife and I are considering giving another couple money for a house down payment. Here's my understanding of what we can do (is it correct?) while still being under the yearly exclusion.
Can we split $22,000 to each of the spouses, giving the couple a total of $44,000? And if so, what tax return do we need to file?
Thanks
A gift tax question. If my wife and I are considering giving another couple money for a house down payment. Here's my understanding of what we can do (is it correct?) while still being under the yearly exclusion.
Can we split $22,000 to each of the spouses, giving the couple a total of $44,000? And if so, what tax return do we need to file?
Thanks