SensibleandHour ly
Level 8
04-12-2024
04:08 PM
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HI everyone,
Nothing like a last-minute client today.
So, customer quit his job last year to take are of elderly mother with onset dementia. He claims that Mom wanted him to take 1k/week to replace his income and he does have a POA for financial and medical. They want me to do Mom's taxes, and everything seemed very above board and transparent. I met Mom, and customer's spouse. My question is, can this customer gift himself and his spouse 17k from Mom, or is it better to claim these dollars as income? She moved into their home full-time last May, so Mom's assets have paid the customer approximately 28k for 2023.
Thank you!!
It's almost the 15th,
Dawn
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