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Any tax implications if I paid off my parents' mortgage?
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Thread created 02-14-2011 by icestix
0 Score 2 Replies 3,209 Views
Post #37277447 added 02-14-2011 1:31 PM by a504boi in Archived Deals
here's the rundown... in 2010 and 2011, you can exclude 13k per donor PER donee in gifted cash. i.e. you don't have to pay tax on the gift given. example... you give a total of 52k to your...
Any tax implications if I paid off my parents' mortgage?
Expired
Thread created 02-14-2011 by icestix
0 Score 2 Replies 3,209 Views
Post #37277207 added 02-14-2011 1:23 PM by icestix in Archived Deals
Hi all, I have a question about tax and mortgage. Do I need to file anything (e.g. gift tax exemption)? I have search through out the web and not finding any clear answers. Most of them is about...

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