| Title | : | 3 Smart Ways to Gift Money to Adult Children |
| Lasting | : | 9.34 |
| Date of publication | : | |
| Views | : | 7,3 rb |
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You can gift 15k every year ? Comment from : Armen Assaturian |
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First of all, very good video, great information Just to add to the option of gifting highly appreciable asset to your children The flipside to this is if a parent dies with that highly appreciable asset without putting in children’s name prior to death - the children get a step up in cost basis, and can avoid having to pay all the capital gains tax Comment from : Snuffle Upagus |
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Gooftin Comment from : James Beatty-Wilson |
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I own a business…does it matter if the pretax gift comes out of business or personal account If out of business, bookkeeper will capture this If out of personal, would remind CPA I did this gift All the above correct? If from business, how can we give 30k since it’s one entity fl a mom and dad giving 15 each If from personal, wife and I are one entity in same account Works the same way as single company Thx Comment from : Kevin Smith |
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Good advice Comment from : Mark Lawry |
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ABLE account for disabled family member (if they qualify) Limit is $15K annually Comment from : Slim Dawg |
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