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Latest revision as of 07:29, 22 September 2024

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If the irs decides that pain and suffering is not valid, then this amount received by the donor end up being considered a present. Currently, there is a gift limit of $10,000 each per patient. So, it may be best to pay/receive it over a two-year tax timetable. Likewise, be sure a check or wire transfer proceeds from each man. Again, not over $10,000 per gift giver each is possibly deductible.

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