What is the name of your state (only U.S. law)? Ct.
In this scenario, Donor moved from Ma. to Ct. on 7/1/11. She gifted a donee $13k cash on 6/15/11, prior to her move to Ct, and then transferred title of her car, worth about $10k, to same donee in Sept, 2011, ie, after her move to ct.
Question is: since the $13k cash gift was made while she was living in Ma., can $10k car title transfer fit within the $13k annual Ct state tax exemption, thereby, requiring a Federal gift tax 706/709 form be filed, but not a Ct one?What is the name of your state (only U.S. law)?
In this scenario, Donor moved from Ma. to Ct. on 7/1/11. She gifted a donee $13k cash on 6/15/11, prior to her move to Ct, and then transferred title of her car, worth about $10k, to same donee in Sept, 2011, ie, after her move to ct.
Question is: since the $13k cash gift was made while she was living in Ma., can $10k car title transfer fit within the $13k annual Ct state tax exemption, thereby, requiring a Federal gift tax 706/709 form be filed, but not a Ct one?What is the name of your state (only U.S. law)?