fightingpiper
Junior Member
My fiance and I want to purchase a home together. I currently own a home that would be sold for the down payment on the new purchase. She can get a mortgage loan at a much lower rate than I can. What are the tax implications if I gift her the down payment for the new home from the sale of my current home. The gift would be approximatly $72,000. Is this taxable since we are getting married or will we have to be married first for it not to be taxed. We live in Minnesota.
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