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Did you have to pay a gift tax for each friend? Did each friend have to pay income tax on the money/property you gave them? How was the house actually paid fo
by huntermeyer 5y ago
Did you have to pay a gift tax for each friend?
Did each friend have to pay income tax on the money/property you gave them?
How was the house actually paid for, did you give the friends cash or did you buy the house for them and somehow gift it to them?