Upon her grandmothers death, So-hyun received $100,000 to use for college expenses or for starting her family.
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Upon her grandmother’s death, So-hyun received $100,000 to use for college expenses or for starting her family. The money is in a checking account for So-hyun to use as she chooses. How much tax does So-hyun own on the gift from her grandmother?
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The receiver of a gift does not owe any tax on gifts ...View the full answer
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
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