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 thetax rules of downpayment gifts from the REALTOR® Content Resource.
That’s just one of five free “Don’t-Miss Tax Breaks” articles you can tweet (or post to Facebook, your blog, or your Web site; add to your e-newsletter; e-mail; or brand, print, and hand deliver). You can also searchthe REALTOR Content Resource by keyword or topic for other content ranging from home improvement and maintenance to taxes and finance.
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See the original post at: http://realtormag.realtor.org/daily-news/2012/02/07/tweet-tax-rules-regarding-downpayment-gifts
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Tweet Tax Rules Regarding Downpayment Gifts: News GayRealEstate http://gayrealestate.typepad.com/gayrealestate_usa/2012/02/tweet-tax-rules-regarding-downpayment-gifts.html #realtor #realestate
Posted by: Gay Real Estate News ~ GayRealEstate.com | Wednesday, February 15, 2012 at 01:17 AM