Posted on 08/31/2024 3:36:11 PM PDT by CottonBall
ALL ABOARD THE TRUMP FAMILY TRAIN, EST. 2017 BY DOLLYCALI!
Survived everything thrown at it over the years, just like President Trump....including trolls, moles and saboteurs.
Welcome to the TRUMP FAMILY TRAIN THREAD, where all things Trump are welcome!
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Posting on behalf of the TFT founder and thread mama, Dolly Cali. 
Am I The Only One – Aaron Lewis
I read a bit about this last night, exit, and found it all very odd. It’s like something must have been going on outside and they wanted everyone to linger? I hope we find out what it was all about.
Jem, I just saw this and recall you asking about this case. I believe it has not yet been ruled.
https://x.com/CitizenFreePres/status/1845923593990918254
My daughter and son in law are selling their house and buying a new one. My aunt has offered to help with the down payment. The question is should the check be in the lender’s name or my daughter’s name. Thinking about taxes. Thanks for the advice
My internet is back!!!
The 5th Spectrum guy figured it out!! A loose wire somewhere down the driveway, I guess where it connects at the street
Now, I have a lot to catch up on! I felt like I’ve been back in the ‘80s. Whenever it was pre- digital. Sure I’m glad I kept collections of hard copy books, it’s been enjoyable reading them and my eyes actually feel a lot better.
Hope your eyes are doing well spunky
should probably contact an accountant who deals in taxes.
Welcome back to the 21st Century!
Thank you! And just in time, I was contemplating blow drying my hair until it was big and poofy.
Interesting question!
I found this:
https://www.realtor.com/advice/finance/down-payment-gifts-tax/
Here’s an example of how families can amass a bigger gift under that regulation: Each member of a couple trying to get help with a down payment can receive $15,000 from each parent. So Mom gives $15,000 to her daughter and $15,000 to her son-in-law, and Dad does the same. That means that one set of parents could give the couple a total of $60,000 tax-free. And then the husband’s parents could do the same.
CB - Apparently that was an older article because I found this on another site:
https://www.americancentury.com/insights/gifting-home-down-payment-child/
In 2024, you can gift up to $18,000 ($36,000 for a married couple) to each recipient without incurring gift tax liability.
Annual Gift Tax Exclusion
For 2024, the IRS gift tax exclusion is $18,000 per recipient, which is adjusted for inflation (subject to $1,000 increments). A married donor can double the annual exclusion gifts to each recipient by “splitting the gifts.” That means that you and your spouse can each gift up to $18,000 to anyone, including adult children, in general with no gift tax implications.
For example, if your child purchases a home with a spouse, you and your spouse could each gift up to $18,000 to each of the buyers for a total of $72,000.
CB- probably worth a one-time consultation with an accountant or real estate attorney, but I am finding the same information on multiple sites. The donor giving the gift has to file it on their taxes, not the recipient. The IRS adds up how much the donor gives over their lifetime to see if they can hit their estate with a higher tax
” The question is should the check be in the lender’s name or my daughter’s name.”
Make the checks out to the children. Then the children pay the lender. Like cotten’s research shows people can be gifted up to so much without paying taxes on it. I have been doing so the past 3 years gifting my children.
“I think Soetoro and Biden sacrificed Seal Team 6 as a payback”
Despicable. They better burn in hell for it
Ted Cruz is an excellent senator. It’s too bad he has zero charisma He would also make an excellent Supreme Court Justice. Charisma is not needed in that position.
That’s what scares me. The polss and the real voter turnout won’t really matter. Just like last time
I pray that Trump knows something, and that’s why he appears confident
“ I wish President Trump would start calling low-wage illegal immigrant jobs what it is: SLAVERY!
People get trapped in that and are enslaved to the bosses.”
They are also trapped because they have have to pay $10,000 or more to the cartel got them across the border. I imagine many from other continents owe a lot more than that
Beautiful
I wonder how many you can pop before you get fired
I really do not think that Brett Baier will be hostile to Kamala in the least. I anticipate he will serve as her defense attorney, asking her good questions, but accepting whatever answer she gives even if it is a bold face lie.
I will be shocked if he does to Kamala what most of the media does to Trump, which is give a long speech set up, including accusations that may even be false, before asking an attack question.
I love watching JD Vance handle the propaganda media. Even beyond his amazingly thoughtful, intelligent and knowledgeable answers is his repeated use of their name. It will be very hard for them not to have their name associated with lots of little clips that are out on the Internet. “Martha, do you hear yourself?” could go down as the phrase of the election?
“ An incredible evening, but there was something else going on behind the scenes.”
Has anything been said about this recently?
“The donor giving the gift has to file it on their taxes,..”
If that is the case then I am in deep dodo.
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