Carpediem
Full time employment: Posting here.
- Joined
- Aug 26, 2016
- Messages
- 770
My ex is going to give DD some money to help pay off some student loans. She had planned on giving DD $40k but her tax guy said there was a $15k limit before DD would need to pay taxes on the amount over $15k. Does that sound right? If so, are there other ways the ex can help pay the loans?
Btw, DD is not a dependent from a tax return point of view for neither the ex nor me.
Btw, DD is not a dependent from a tax return point of view for neither the ex nor me.