Legal Question in Tax Law in New York

can we do gift letter with condition

such as if house is purchased by 3/1/2012


Asked on 12/19/11, 10:40 am

1 Answer from Attorneys

Walter LeVine Walter D. LeVine, Esq.

You can make a condition, but it could impact the transaction, as many valid reasons could defer the closing, and this could impact their financing.

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Answered on 12/19/11, 5:40 pm


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