4 ms·
Surely their income from their parents is taxable at normal income tax level then?
by martin8412 7y ago
Surely their income from their parents is taxable at normal income tax level then?
- ohyeshedid 7y agoOnly if they give/receive more than 11.1 million over the course of their lifetime.
- dmoy 7y agoAnd that, only the amount over $30k/yr for a couple gifting their child.
- jkdufair 7y agoAlas there are some pretty generous tax breaks on gifts.