Quote:
Originally Posted by SHIBUMI
I think that would be taxed again, the question is how do you make her part of the payout so it is only taxed once.
If you had 50 people you wanted to give money too, can you make them part of the payout so the money isn't taxed twice?????  |
Giving away a million dollars does not create a taxable event. See Post No. 10. Also, Google the unified gift and estate tax. You can give away up to $13.61 million with no tax due.