The current limit is $12K/year. So, if the gift is going to be more than that, best to get 12K before the end of the year and then another 12K, or whatever, in the new year.
This Question has not been awarded yet.
Submitted 355 days ago...
The current limit is $12K/year. So, if the gift is going to be more than that, best to get 12K before the end of the year and then another 12K, or whatever, in the new year.
Answer This Question Now
If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on
this thread.
Simply type your Answer in the box below and post your answer.