What is the name of your state? Colorado
My sister-in-law (my husbands sister) wants to either:
--- Transfer her savings account to my husband ( approximately $90,000)
OR
---Make her current account a joint account with my husband (her brother) on the account.
Can this be done? And how without causing tax questions?
What if any are the tax implications?
Is there a way to do this without any taxes accessed?
I know she can gift him 10,000 without any taxes. So what about the remaining 80,000?
My sister-in-law (my husbands sister) wants to either:
--- Transfer her savings account to my husband ( approximately $90,000)
OR
---Make her current account a joint account with my husband (her brother) on the account.
Can this be done? And how without causing tax questions?
What if any are the tax implications?
Is there a way to do this without any taxes accessed?
I know she can gift him 10,000 without any taxes. So what about the remaining 80,000?
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