Quote:
Originally Posted by noppenbd
That's great, it looks like a great plan. Just be careful with your dad's gift, it could be subject to gift tax unless it is handled properly. Make sure you see an estate attorney before he gives you the money.
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Hi! I apologize in advance and not trying to steal this thread here, but what is the proper way to handle if a parent gives you a large amount of money to put down? My dad is going to give me $40,000 to add onto the mortgage. How can the lender tell?