Q: Can my current wife and I gift my townhome to my son and his mother, my first wife without paying a gift tax?
A:
This depends on how much the value of the townhome is. There are tax free gifts available but it depends on the amount to be gifted. Please give my office a call so we can discuss the proper gift tax returns and amounts you can gift tax free. Call Silver Tax Group at 855-900-1040
Best,
Chad
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