Will my parents have to pay gift taxes?
December 8, 2003
Subject: Gift tax question
Date: Wed, 15 Oct 2003
I have a question regarding gift tax. If my parents give a gift to my husband and me of $100,000, do they have to pay a tax on it? Since they have never given any money to anyone before, wouldn't the Unified Credit apply and they wouldn't have to pay any tax?
Date: 31 Oct 2003
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