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Hello, I would like to gift 100K to my brother for purchase of a home. How would I report this to the IRS?
My income has been for the past 4 years, strictly social security and a VA pension. This year, my sister-in-law has paid me back for a loan my wife and I gave her about 15 years ago. The loan repayment is $6,000, and to thank me for the loan, she gave me (I'm now a widower, since 2020) a gift of $10,000. Do I have to…
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