My advisor did suggest making a Qualified Charitable Distribution. At
this time, though, I'm concerned about one of my adult children, and >determining how I can make a gift to her. ...
According to Boris <Boris@invalid.invalid>:
My advisor did suggest making a Qualified Charitable Distribution. At
this time, though, I'm concerned about one of my adult children, and >>determining how I can make a gift to her. ...
I think you will find that you just give her the money, regardless of
whether it comes from your IRA or anywhere else.
If you give her more than $19,000 ($38K if the gift comes jointly from
your spouse) you will have to file a gift tax return on Form 709,
although no tax is due.
According to Boris <Boris@invalid.invalid>:
My advisor did suggest making a Qualified Charitable Distribution. At
this time, though, I'm concerned about one of my adult children, and
determining how I can make a gift to her. ...
I think you will find that you just give her the money, regardless of whether it
comes from your IRA or anywhere else.
If you give her more than $19,000 ($38K if the gift comes jointly from your spouse) you will have to file a gift tax return on Form 709, although no tax is
due.
I think you will find that you just give her the money, regardless of whether it
comes from your IRA or anywhere else.
If you give her more than $19,000 ($38K if the gift comes jointly from your >> spouse) you will have to file a gift tax return on Form 709, although no tax is
due.
No tax is due assuming you have not met your lifetime maximum, which I
think is around $14 million.
According to Rick <rick@nospam.com>:
I think you will find that you just give her the money, regardless of whether it
comes from your IRA or anywhere else.
If you give her more than $19,000 ($38K if the gift comes jointly from your >>> spouse) you will have to file a gift tax return on Form 709, although no tax is
due.
No tax is due assuming you have not met your lifetime maximum, which I
think is around $14 million.
If someone has $14 million, I hope he or she's getting tax advice from a qualified
lawyer or accountant rather than asking random strangers on usenet.
According to Rick <rick@nospam.com>:
I think you will find that you just give her the money, regardless
of whether it comes from your IRA or anywhere else.
If you give her more than $19,000 ($38K if the gift comes jointly
from your spouse) you will have to file a gift tax return on Form
709, although no tax is due.
No tax is due assuming you have not met your lifetime maximum, which I >>think is around $14 million.
If someone has $14 million, I hope he or she's getting tax advice from
a qualified lawyer or accountant rather than asking random strangers
on usenet.
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