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To: Bullish
Nothing’s free, they’ll be there to tax you in no time.

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.

6 posted on 08/14/2026 8:30:00 PM PDT by Lazamataz (Technology can industrialize evil.)
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To: Lazamataz

Really sweet then!


8 posted on 08/14/2026 8:36:24 PM PDT by Bullish (My tagline ran off with another man, but it's okay... I wasn't married to it.)
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To: Lazamataz; Bullish; All

I thought the “they” Bullish meant were the property tax assessor people! 😉 😥


12 posted on 08/14/2026 8:47:37 PM PDT by Drago (.)
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To: Lazamataz

“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!


23 posted on 08/14/2026 10:45:26 PM PDT by 21twelve (Ever Vigilant - Never Fearful)
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To: Lazamataz
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.

Well, I had eight deck screws that I was going to pitch in but I wouldn't want to kick you over the limit.

45 posted on 08/15/2026 12:45:02 PM PDT by Colorado Doug
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