Quote:
Originally Posted by Oldbluoval
Ask your own tax advisor.
There is a lot of Misinformation herein
There is a difference in a taxable gift and a taxable estate
As well as non-taxable both !!
|
Quote: "There is a difference in a taxable gift and a taxable estate." True. The difference is that a gift is made during the giver's lifetime; whereas an estate is after the death of the estate owner. So different tax rules apply.