Already covered that angle. There is an annual gift exclusion rule, which I am under, and also, givers -- not recipients -- are responsible for paying those taxes. But they need not, since I am under the annual limit.
Really sweet then!
I thought the “they” Bullish meant were the property tax assessor people! 😉 😥
“But they need not, since I am under the annual limit.”
I’m not positive, but IIRC you can gift more; the limit is so you don’t need to declare the gift. If it is over the limit (~$16k per person receiving a gift), then the giver needs to declare it. But no tax on the gift until the giver gives away a large amount of money ($2 to 3 million or something) over their life time. I’m not positive if that is true or not. It sadly is something I don’t need to worry about!
Well, I had eight deck screws that I was going to pitch in but I wouldn't want to kick you over the limit.