The Art Of Gifting - Limits, Transfers, Taxes, etc...

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It's the Christmas season again! If you want to gift something, either cash, stock, cars, or property to someone your love, or for charity, please watch this episode. People assume they can gift others whatever they want, because "well it's my money!" But you know the IRS, they want to tax you for everything. You can't, as a matter of fact, just give out free money/gifts however you want. For 2021, you can gift any individual $15,000 per year without paying gift ...