Tweet Tax Rules Regarding Downpayment Gifts

February 7, 2012

About one-quarter of first-time home buyers get a down payment gift from relatives or friends, reports Amy Hoak, a columnist for Marketwatch.com. There are, however, tax strings attached to such gifts.

Make sure your clients navigate the tax regulations safely by e-mailing free info on the tax rules of downpayment gifts from the REALTOR® Content Resource.

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