Legal Question in Wills and Trusts in Ohio
Does the IRS allow a parent to give money as a gift to a son without it being taxable, and if so how much a year
Asked on 1/14/10, 12:19 pm
1 Answer from Attorneys
Elizabeth Schmitz
Elizabeth S. Schmitz Attorney at Law
A person can give another person up to $13,000 a year without gift tax consequences.
Answered on 1/19/10, 1:18 pm
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