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Old 03-03-2005, 12:44 AM
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Join Date: Mar 2005
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gift tax

What is the name of your state? IL

My sister lives in another country with my parents. She want to borrow $60000 to buy a house ( I don't think she will pay me interest). Do I have to pay gift tax if I wire transfer the money to her? Is there any better way to avoid the tax?
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