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Parents wrote me a check for $45,000. Tax implications?
Parents wrote me a check for $45,000. Tax implications? My parents recently came into a lot of money and want to gift me $45,000. I honestly feel weird about the about the whole thing, but they have insisted. My dad just wrote me a check for it today, but can I really just take that to the bank? Are their tax implications I should be aware of? If anyone could point me to anything I should think about...
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