Real estate blog entries tagged with donor by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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donor: The Most Wonderful Time of the Year (to Get Gift Funds) - 12/16/18 08:59 PM

The Most Wonderful Time of the Year (to Get Gift Funds)

It's that time of year again when holiday gift giving is on everyone's mind. But you know me, compulsive mortgage professional, I want to focus on but a single aspect of the loan process --- gift funds--- this same form of largesse that is received by a fortunate few and for the purpose of purchasing a home. As we go into the holiday season, I want us all to keep in mind that right behind Santa's sleigh is Auld Lang Syne. And when we're talking tax implications for gift funds, this can matter.

For 2019, the IRS annual … (2 comments)

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