QUESTION
My mom sold her home. Can she gift the money to my brother and I without paying tax?
Asked on Oct 21st, 2021 on Taxation - New York
More details to this question:
Can my mom gift monies received from the sale of her home to her children without being taxed?
1 ANSWER
Federal and State Income Taxation Law Attorney serving White Plains, NY
Partner at
Auerbach Law Group, P.C.
Yes, depending upon what prior gifts, if any, she has made to you.
Answered on Nov 15th, 2021 at 5:06 AM