M
Mrscorky
Guest
What is the name of your state? Texas
My brother is selling his home in Massachusetts and plans to split the proceeds with all his siblings, two in Texas, one in Calif and two in Mass. The amount should be around $66,000 each.
What can we expect to pay in gift tax? Is there a better way to dispurse the funds to avoid some of the tax? My sister and I live in Texas and are anxious to hear from you.
My brother is selling his home in Massachusetts and plans to split the proceeds with all his siblings, two in Texas, one in Calif and two in Mass. The amount should be around $66,000 each.
What can we expect to pay in gift tax? Is there a better way to dispurse the funds to avoid some of the tax? My sister and I live in Texas and are anxious to hear from you.