The seller doesn't need to pay gift tax on $570,000

本帖于 2006-04-30 08:54:40 时间, 由 编辑
回答: 这样省4万圆合法吗?yaooooooooooo2006-03-30 19:11:20

if he hasn't made any gift before. Everybody has a $1,000,000 exemption amount. But this would affect the seller later, when he wants to make gifts to his children or others. He then has to pay gift tax if his life-time gift is over the one million exemption amount.

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