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Re: Vehicle Registration

Posted by RIPTA42HopeTunnel on Mon Feb 27 15:34:45 2012, in response to Re: Vehicle Registration, posted by LuchAAA on Mon Feb 27 15:06:10 2012.

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Who pays the gift? Won't it be the child who paid $1 and eventually sells the house or just dies leaving it to the estate?

You mean the gift tax? The donor is responsible, but there would be no tax unless the property were worth more than $5,133,001.

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