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Old 01-13-2010, 11:08 AM
gales0678 gales0678 is offline
Oriental Park
 
Join Date: May 2006
Location: new york
Posts: 3,670
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jerry it is now 13k that is the exclusion

your can get a gift of 13k from your father and it will be tax free to you

as for him taking out $$$ from a retirement a/c i don't know there are a lot of rules where he may or not maybe taxed
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