Posts Tagged ‘gift tax’
Taxes on Gift to Relative are Paid at Death
Taxes on Gift to Relative are Paid at Death Question: My granddaughter and her family live in a home that I own in Cottonwood. I have been paying the mortgage payments, property taxes, repairs, and other costs of the home for the past two years because my granddaughter has been sick and unable to…
Read MoreFree rent to daughter not gift-tax issue
Question: Our daughter recently got divorced. We own a condominium in Surprise that we have used as a second home. We are now letting our daughter and her two children use this Surprise condominium rent-free. Do we have any gift-tax problems by letting our daughter live in this Surprise condominium rent-free? Answer: Probably…
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