gift tax classification I have looked every where online for answers but came up empty so i thought i give the forums a try.
I need to transfer $100k worth of stocks over to my brother because they belong to him. I read that you can only give14k max to one individual per year. How much tax would i be paying if i give all, 100k to my brother?
If i give to my sister another 14k so that she can give it to him, how long after the transfer must she wait before she can give it to my brother?
Are there any other alternatives that i can do to transfer the $100k to him without getting taxed?
Thank you |