Jerry C
Level 4
10-28-2020
04:25 PM
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Sorry. I know the gift tax for 2020 is $15,000
The "Equity" Gift tax is different.
I know with the Equity Gifting you can give whatever you want. I also know if it's above the limit (In this case $15,000- since the daughter will be the only 1 on the deed)
I also know there is a lifetime $5.43 Million in gifting so a Form 709 would have to be filed