GIFT TAX? What you need to know about GIFTS FUNDS (When Buying a Home)

Hello there! This is Aaron Lanning your favorite Realtor!

Welcome to today's episode where we're diving into a very important and sometimes tricky topic: Gift Funds!

Gift funds can be a double-edged sword in real estate transactions.
Picture this: a buyer receives a generous gift from a family member to help with a home purchase, but suddenly the family member changes their mind midway through escrow. It happens, and it can be stressful. I'll share a personal story and how we managed to navigate through it, but let's explore the crucial details of gift funds.

Ever wondered about the tax implications of gifting more than $17,000 in a year?
The IRS says no tax is owed, but there's a lot of confusion around gift and death taxes. I'll break it down in this video, but remember, I'm not offering legal advice—always consult with your tax advisor for specifics.

Sharing this knowledge is key! Pass it along to clients, friends, and anyone who might benefit. Knowledge is power, especially when it comes to navigating real estate and financial decisions.

For the full scoop on gift funds and avoiding common pitfalls, make sure to watch the entire video.

Don't miss out on this insightful discussion that could save you or someone you know a lot of headaches in the future!

If you enjoy the content, give it a thumbs up, drop a comment, and subscribe to my channel for more valuable insights into Real Estate in Menifee.

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✅Aaron Lanning - DRE 02067320
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➡️You can check my recently uploaded video -
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Chapters:

00:00 Intro
00:28 Clarifying Gift Tax Rules
04:05 Wrap Up

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Тэги:

##GiftFunds ##GiftTax ##RealEstateFinance ##RealEstateTips ##TaxImplications ##HomeBuying ##EstatePlanning ##IRSRegulations ##HomePurchase ##MenifeeLiving ##MenifeeRealEstate ##MenifeeRealtor ##LivinginMenifee ##MenifeeCA ##TemeculaCA ##MurrietaCA ##HemetCA ##SouthernCalifornia ##WinchesterCA ##SanJacintoCA ##MorenoValleyCA ##PerrisCA ##CoronaCA ##WildomarCA

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