Comment Comment by gxs Worth mentioning that there exists a $5MM lifetime max that any individual can gift before paying taxes.A common misconception is that you have to pay tax on every gift you make, but as long as you’re under that $5MM all you have to do is report it. parent gxs 8 years ago
A common misconception is that you have to pay tax on every gift you make, but as long as you’re under that $5MM all you have to do is report it.