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SVTPerformance's Chain of Restaurants
Road Side Pub
Tax gurus. I need advice.
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<blockquote data-quote="tallfreak" data-source="post: 11990361" data-attributes="member: 70717"><p>He would be giving it to us one time only this year? I am unsure whether he can give us up to $26k as a married couple tax free. Or give each of us up to $13k to total $26k tax free. Or since we are married he cannot give us more than $13k a year tax free. </p><p></p><p>I understand the annual exclusion, but I am not sure if that exclusion doubles for married couples.</p></blockquote><p></p>
[QUOTE="tallfreak, post: 11990361, member: 70717"] He would be giving it to us one time only this year? I am unsure whether he can give us up to $26k as a married couple tax free. Or give each of us up to $13k to total $26k tax free. Or since we are married he cannot give us more than $13k a year tax free. I understand the annual exclusion, but I am not sure if that exclusion doubles for married couples. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Tax gurus. I need advice.
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