Posted 3/27/2015 11:51 (#4480229 - in reply to #4479722) Subject: RE: So jakescia.................
West central ND
I am considering gifting machinery as it is ready to be traded. If I have it correct my wife and I could each gift our son and his wife $14,000 each for a total of $56,000 in one year without reporting it to IRS. Gifting amount changes each year so not sure if the $14,000 is the correct number this year.