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Message
re: Friend gave his daughter $275k when she graduated college.
Posted on 1/14/22 at 2:41 pm to TigerV
Posted on 1/14/22 at 2:41 pm to TigerV
quote:you don’t know how things work do you
Great idea, but going to be one hell of a tax bill. Hope he talked to an accountant about how to do this over the entire time period to reduce the taxes
0
Posted on 1/14/22 at 3:02 pm to nikki6
I would be nervous about giving a 22 year old that kind of money, but of course I am sure he wouldn't have given it to her if he thought she would not be responsible with it..
Someone I know, he told me his sister gave her daughter (this person's niece) $10k after she graduated HS. What did she spend it on? She got tattoo sleeves on both arms that goes up to her neck, she spent every cent on tattoos. But then again, a parent should know or talk with kids before giving them a lump sum.
Someone I know, he told me his sister gave her daughter (this person's niece) $10k after she graduated HS. What did she spend it on? She got tattoo sleeves on both arms that goes up to her neck, she spent every cent on tattoos. But then again, a parent should know or talk with kids before giving them a lump sum.
Posted on 1/14/22 at 3:06 pm to GreatLakesTiger24
quote:
do they not care about being independent anymore?
Its strange. Growing up everyone couldn't wait to graduate HS and turn 18. No one wanted to have their parents around. Today parents go on senior trips with their kids, etc.. It seems like parents are much more involved in their kids life post HS.
Posted on 1/14/22 at 3:10 pm to OweO
shut the frick up you miserable piece of shite
Posted on 1/14/22 at 3:16 pm to MMauler
Why is a School highlighted in Blue?
Did da ghoss of Hap in get inta da proofredah?
Did da ghoss of Hap in get inta da proofredah?
quote:
Posted on 1/14/22 at 3:19 pm to GreatLakesTiger24
quote:
kids need to build character and earn in themselves like we did! do they not care about being independent anymore?
quote:
GreatLakesTiger24
Aren't you like mid-late twenties?
Posted on 1/14/22 at 3:22 pm to OWLFAN86
quote:
shut the frick up you miserable piece of shite
You are a 60 year old stroke victim who wants to meet up with people on a message board to fight them. Are you sure I am the one who is miserable?
Posted on 1/14/22 at 3:24 pm to nikki6
I gave my son (no pics) $350,000. So what.
Posted on 1/14/22 at 3:27 pm to soccerfüt
quote:
Why is a School highlighted in Blue?
It comes from that School's website.
Posted on 1/14/22 at 3:30 pm to Demshoes
quote:
son (no pics)
But if he is like his ole man he is a hustler for life and he will be fine.
Posted on 1/14/22 at 3:32 pm to OWLFAN86
quote:well said
shut the frick up you miserable piece of shite
Posted on 1/14/22 at 3:36 pm to nikki6
My parents bought me a house, but I come from ot ballers!
Posted on 1/14/22 at 3:46 pm to OweO
quote:youre the pussy afraid of an old stroke victim,
You are a 60 year old stroke victim who wants to meet up with people on a message board to fight them. Are you sure I am the one who is miserable?
no wonder youre miserable
Posted on 1/14/22 at 3:48 pm to nikki6
quote:
Catholic schools cost like $7k a yr now.
Uh, not everywhere. I’m guessing many are a good bit more than that. Fantastic idea and follow though by the father. She worked hard and he rewarded her. Awesome stuff!
Posted on 1/14/22 at 3:49 pm to OWLFAN86
quote:
afraid of an old stroke victim,
Im afraid you will do more damage to yourself trying to prove your still a tough guy.
Posted on 1/14/22 at 3:52 pm to OweO
quote:imagine that OT street cred you'll get
Im afraid you will do more damage to yourself trying to prove your still a tough guy.
you might even make a friend
not me, I think you suck
fightin Tiger Dammit seems to have an issue with me yall can be bff's
Posted on 1/14/22 at 4:17 pm to TigerV
quote:
Great idea, but going to be one hell of a tax bill. Hope he talked to an accountant about how to do this over the entire time period to reduce the taxes
Don't know if anyone answered this, but it would be based on year. And if he is married, it'd be double. So for 2021, it'd be up to 30k if he files mfj, as the IRS would assume 15k from father and 15k from mother
Since the account was in her name, she legally had access to it at any point (if she found out about it and went to the back, they would give her access), so the gifts would be at the time deposited. Likely no gift tax
Posted on 1/14/22 at 4:25 pm to TulaneUVA
You also don't pay penalties on the money that was put into the account, only on the gains.
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