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What else can I help you with?
Does a gift of equity have to be from a family member?
No, a gift of equity does not have to be from a family member. It can be from anyone willing to gift a portion of the equity in a property for a real estate transaction.
Can you get a gift of equity from a non family member?
No, you cannot legally get a gift of equity from a non family member. A gift of equity always has tax consequences, such as capital gains.
Is a gift to a family member a deductible item?
No.
When giving a car as a gift in Texas is a mother-in-law considered a parent?
No, you can only give a car to a immediate family member and not pay taxes on the gift. A mother-in-law is not a legall family member.
What are the tax implications of receiving a mortgage gift from a family member?
When you receive a mortgage gift from a family member, you generally don't have to pay taxes on the gift itself. However, there may be tax implications for the giver if the gift exceeds a certain amount, which is subject to gift tax rules. It's important to consult with a tax professional to understand the specific implications in your situation.
Should you send a thank you note for a gift from family member when opened in his presence?
yes of coarse
Is money received for work done for a family member taxable income or can it be treated as a gift?
Its income
What is the minimum interest rate a person can charge a family member on a loan for it not to be considered a gift?
i think about a billlion
Can you get to Gift Island if you are not a member on Moshi Monsters?
You can not, you have to be a member to get to Gift Island.
Where could one find some ideas for birthday gifts for women of their family?
An individual can find some gift ideas for birthday gifts for women of their family on Pinterest, gift ideas books, magazines, a friend or family member, or online.
Can you gift a car to a family member in pa with a suspended registration?
Yes. The car itself is nothing but a piece of property that can be transferred, sold, or given away, at the owner's discretion. However, if the registration for that vehicle (tags, etc) are suspended by the DMV, they cannot be used and are illegal to perate on, regardless of who owns the vehicle.
Do you give give gift at a going away party?
If it is the host that is leaving and the party is for them then yes, you do give a gift. If they are hosting the party for a friend or family member then you would give the gift to the person leaving.
