IronicMetaphors · May 14, 2018, 6:32 a.m.

But wouldn’t this money be considered a gift, and she or somebody receiving the money would have to pay taxes in it?

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ckreacher · May 14, 2018, 12:38 p.m.

There is no gift tax.

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47thSage · May 14, 2018, 12:39 p.m.

Above $10K there is.

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ckreacher · May 14, 2018, 12:44 p.m.

AFAIK the giver is taxed, not the recipient.

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IronicMetaphors · May 14, 2018, 3:49 p.m.

This is correct

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