#gift-tax
#gift-tax

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Gifting Bitcoin in 2025: What the IRS says and how to avoid tax trouble

Gifting Bitcoin is not immediately taxable; recipients owe no income tax and donors avoid gift tax when gifts remain within the annual exclusion.

Law

fromSlate Magazine

1 week ago

I'm About to Give My Daughters a Lot of Money. But I Need to Make Sure One of Them Spends It the Right Way.

Gifting cash or paying contractors are both reportable gifts; file Form 709 for gifts over $19,000 (or $38,000 jointly); gift tax applies only after using the lifetime exemption.

fromRedfin | Real Estate Tips for Home Buying, Selling & More

2 months ago

What to Know About Gift Tax on Property: A Comprehensive Guide

Annual gift tax exclusion: $19,000 per person in 2025 ($38,000 for couples). Lifetime gift and estate tax exemption: $13.99 million in 2025, but expected to drop in 2026. Inheritance advantage: Stepped-up basis often saves heirs from significant capital gains taxes. Trusts and spousal transfers: Effective tools for transferring property when dealing with larger estates or married couples. Gifting a property to a loved one can feel like a generous way to pass on wealth, but the stringent regulations

Real estate

fromRedfin | Real Estate Tips for Home Buying, Selling & More

2 months ago

Can You Sell a House for $1? What To Know Before You Try

Selling a house for $1 is legally possible between family members but requires attention to local rules, gift tax consequences, and lender or IRS scrutiny.

Real estate

fromSFGATE

4 months ago

This New England State Is the Only Place in the U.S. Where You'll Pay an Extra Tax for Giving Your House Away

Gifting property can result in unexpected tax consequences, including federal and state gift taxes.