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In response to
"Don't we have some financial people here? Question about my dad gives me a cash gift for a down payment on a house."
by
sycor
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its called a "gift of equity"
Posted by
Lafarrow (aka lafarrow)
May 27 '22, 16:35
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pops needs to do a gift of equity letter. He needs to file the gift on his taxes. You don't need to do a damn thing. Unless you are in the double digit millions don't sweat anything
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Responses:
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