Having over $10k deposited in my account

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Having over $10k deposited in my account

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01-13-2010, 11:08 AM

gales0678

Oriental Park

Join Date: May 2006

Location: new york

Posts: 3,670

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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