Do I have to pay taxes on a lump sum gift of $100,000 given by my parents?

neatsurf2 Posts: 1, Reputation: 1

New Member

Dec 1, 2012, 05:14 PM

Do I have to pay taxes on a lump sum gift of $100,000 given by my parents?

Taxation on $100,000 lump sum gift

ebaines Posts: 12,131, Reputation: 1307

Expert

Dec 1, 2012, 05:28 PM

No, you have no tax issues (at least not in the US). But your parents may have a gift tax issue to deal with...

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